China-based Yuhuang Chemical Inc. announced early today it has finalized a land deal to buy 1,300 acres in St. James for the construction of a $1.85 billion methanol manufacturing complex. The announcement marks the completion of the deal announced on July 17 by Gov. Bobby Jindal and Yuhuang Chemical CEO Charlie Yao. Yuhuang Chemical is one of 13 subsidiaries of Shandong Yuhuang Chemical Co. Ltd. The plant in St. James is both Yuhuang Chemical Inc. and China’s first direct investment into business in Louisiana, the company has said. Read More on the Web
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