Yuhuang Chemical Announces Capital Investment Of $1.85 Billion In Louisiana Methanol Project

Today, Gov. Bobby Jindal and Yuhuang Chemical CEO Charlie Yao announced the company will make a $1.85 billion capital investment in a world-scale methanol manufacturing complex on the Mississippi River in St. James Parish. The project by Yuhuang Chemical Inc., a subsidiary of Shandong Yuhuang Chemical Co. Ltd., https://www.viagrapascherfr.com/viagra-generique-pas-cher-lyon/ represents the first major foreign direct investment by a Chinese company in Louisiana. Yuhuang Chemical will create 400 new direct jobs, with an average annual salary of $85,000, plus benefits. In addition, Louisiana Economic Development estimates the project will result in 2,365 new indirect jobs, for a total of more than 2,700 new jobs in the Southeast Region of Louisiana and surrounding areas of the state. At peak building activity, the company estimates the project will generate 2,100 construction jobs. Construction will begin in 2016, with the first phase of the methanol project beginning operations by 2018. Read More on the Web
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