ST. JAMES, LA – Shandong Yuhuang Chemical Co. Ltd. Chairman Jinshu Wang, Yuhuang Chemical Inc. CEO Dr. Charlie Yao and Lieutenant Governor Jay Dardenne will attend a groundbreaking ceremony to celebrate the kick off the YCI-M1 Louisiana Methanol Project on Friday, September 18, 2015, at the St. James High School Auditorium, 5181 Wildcat St., in St. James, at 9:00 a.m.
Yuhuang Chemical Inc. acquired a 1,300-acre site in St. James Parish for its previously announced $1.85 billion methanol manufacturing complex.
The company plans to build the complex in phases. Preparations are now underway for the first phase, the construction of an $800 million plant that can produce 1.9 million tons of methanol a year.
Methanol is a key ingredient in making plastics. The plant, on the west bank of the Mississippi River, is expected to begin operating by the first quarter of 2018.
The project is expected to add 400 permanent jobs.
