Yuhuang Chemical Inc. said Thursday it has started work on its $1.85 billion methanol manufacturing complex in St. James Parish. Construction began Jan. 9, according to a news release. The project is scheduled to be completed during the fourth quarter of 2019, when the facility will begin distributing methanol by truck, rail, barge and ocean vessels. Management expects a large portion to be distributed locally with the balance exported primarily to Europe and China, the news release http://www.viagrabelgiquefr.com/ said. The company closed in March on $800 million in financing with a group of Chinese banks for construction of its first methanol project in the parish. Yuhuang Chemical has purchased 1,300 acres for the plant, along with St. James High School for $10.1 million. The 46-acre campus, located along River Road on the west bank of the Mississippi River, is directly in front of the tract where the plant is being built. The first phase of the project is a $1.5 billion methanol manufacturing complex. Two more phases are set to follow, leading to the employment of 100 permanent workers. The plant is also expected to create around 1,000 construction jobs across the area. The project is a methane-to-methanol plant designed to produce 1.8 million metric tons per year of commercial grade methanol. The company selected Air Liquide Global E&C Solutions, the United States engineering and construction arm of Air Liquide Group, a French multinational company, as the engineer for the plant.
By Yuhuang March 8, 2019(Full article located here) In an interview article from Xinhua News with Don Pierson, secretary of Louisiana Economic Development(1)
By Yuhuang February 27, 2019Courtesy of New Orleans City Business