Charlie Yao, CEO of Yuhuang Chemical, Inc. talks about his ambitious plan to build a $1 billion methanol plant in four years. May Zhou / China Daily Yuhuang Chemical – a US subsidiary of Shangdong Yuhuang Chemical – started its venture in the US with an ambitious plan: build a $1.85 billion methanol complex on 1,200 acres of farm land in St James Parish, Louisiana. It’s by far the largest green field investment in methanol by a Chinese company in the US.
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