Biz – Top 10 Business Stories in 2015

More than a year ago, St. James Parish learned that one of China’s leading chemical companies, Shandong Yuhuang Chemical, and its newly formed Yuhuang Chemical Inc. (YCI), would build a $1.85 billion methanol complex in the parish. The move marks the first major direct investment in Louisiana by a mainland Chinese company. “We had an official groundbreaking on September 18 in St. James Parish,” said Charles Goebel, plant manager, Louisiana operations, Yuhuang Chemical Inc. “We were honored to host Lt. Gov. Jay Dardenne, as well as Consul General Li Qiangmin for this event.” Read More on the Web
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Industrial investment surges in St. James Parish

Situated midway between the state’s two largest cities, St. James Parish has had a perfect vantage point to observe Baton Rouge and New Orleans as they deal with the benefits and challenges of industrial investment.

Yet St. James is not an idle bystander in south Louisiana’s economic development success. In the past five years, Louisiana’s second-smallest parish (in total area) has become one of the busiest areas in the state for new industrial investment.

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Chinese company kicks off 1.5-bln-USD methanol project in U.S. state of Louisiana

ST. JAMES, United States, Sept. 18 (Xinhua) — St. James was a little-known parish along the Mississippi River in the U.S. southern state of Louisiana. But now it is well-known as it has attracted the largest Chinese-invested green field project in the Mexican Gulf Coast region.

Shandong Yuhuang Chemical Co., Ltd., a private company based in eastern China’s Shandong province, Friday held a groundbreaking ceremony to celebrate the kick-off of its 1.5-billion-U.S.-dollar methanol project in St. James Parish.

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9.18.15 Governor Jindal And Shandong Yuhuang Chemical Chairman Jinshu Wang Highlight Groundbreaking For $1.85 Billion Methanol Project In Louisiana

VACHERIE, La. — Today, Gov. Bobby Jindal and Chairman Jinshu Wang of Shandong Yuhuang Chemical Co. Ltd. highlighted the start of construction on Yuhuang Chemical Inc.’s $1.85 billion methanol complex. State, regional and local officials joined Chairman Wang, CEO Charlie Yao of Yuhuang Chemical Inc., the project team and visiting Chinese dignitaries as they formally broke ground on the first of three phases of the world-scale, methanol-manufacturing complex. The ceremonial groundbreaking followed a project celebration event for community members, invited guests, and federal, state and local officials at the St. James High School Auditorium. Yuhuang Chemical Inc., a subsidiary of Shandong Yuhuang Chemical Co. Ltd., will develop the manufacturing complex along the Mississippi River in St. James Parish. The project represents the first major foreign direct investment in Louisiana by a company from China. Read More on the Web
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Amec Foster Wheeler Awarded Contract for World-Scale Methanol Plant

Amec Foster Wheeler announces today the award of a contract by Yuhuang Chemical Inc. (YCI), a US-based subsidiary of Shandong Yuhuang Chemical Company Co. Ltd (SYCC), its first major project in the US, a 1.7 million tons per year world-scale methanol facility on the Mississippi River in St. James Parish, how does levitra work Louisiana. Under the contract, the value of which has not been disclosed, Amec Foster Wheeler will be providing engineering, project management, procurement and early construction services. The intention is to extend this into a full scope EPC contract during 2016 on mutually agreed terms. Read More on the Web
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Yuhuang Chemical Inc. (YCI) Awards Detailed Design Engineering Contract for its World-Scale Methanol Unit in Louisiana

YCI has awarded Air Liquide Global E&C Solutions, US Inc. detailed Engineering and Procurement Services for YCI’s 1.7 million tons per year methanol plant located in St. James Parish, Louisiana. Under this agreement, Air Liquide Global E&C Solutions will also provide YCI with procurement services for long lead and other equipment required for the $1.85 billion world-scale methanol manufacturing complex. “With an overall goal to complete this plant in early 2018, starting work on detailed engineering now is important and timely,” said Jerry Oliver, Vice President of Manufacturing, YCI. “We are excited to work on this portion of the project with such a reputable US firm.” Read More on the Web
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Yuhang Chemical completes St. James land purchase

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 http://www.achaten-suisse.com/ investment into business in Louisiana, the company has said. Read More on the Web
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YCI Secures Long Term, Firm Natural Gas Transportation Capacity on Louisiana Project

Yuhuang Chemical Inc. (YCI), announced today it has secured long term, firm natural gas transportation capacity on Transcontinental Gas Pipe Line (Transco) for YCI-M1, YCI’s $1.85 billion world-scale methanol manufacturing complex. Located on property recently purchased by YCI along the Mississippi River in St James Parish, Louisiana, YCI-M1 is a methane to methanol plant designed to produce 1.7 Million metric tons per year of commercial grade methanol. To ensure deliveries of YCI-M1’s natural gas needs, YCI and Transco have executed a 20-year agreement for firm transportation capacity from points in Transco’s Zone 3 encuesta mundial to a new delivery interconnection with YCI-M1 to be constructed and operated by Transco.

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Yuhuang Chemical executes an ambitious plan

Charlie Yao, CEO of Yuhuang Chemical, Inc acheter cialis generique 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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Yuhuang Chemical signs oxygen agreement for Louisiana methanol complex

Chinese petrochemical company Yuhuang Chemical, Inc., a subsidiary of Shandong Yuhuang Chemical Co. Ltd., has chosen Air Liquide to supply oxygen for its $1.85 billion methanol production complex that will be built in St. James Parish, Louisiana. This long-term agreement covers the supply of 2,400 tons of oxygen per day. The industrial gas supplier also recently signed a licensing deal with Yuhuang Chemical for its MegaMethanol process technology, which converts natural gas to methanol. Read More on the Web
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