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World News and Views :: Projects
Chinese firm to invest $1.85 billion in methanol complex in Louisiana, Air Liquide to provide technology
July 18, 2014 | Natasha Alperowicz
Yuhuang Chemical (Houston), a newly created subsidiary of Shandong Yuhuang Chemical, will invest $1.85 billion in a world-scale methanol manufacturing complex on the Mississippi River in St. James Parish, Louisiana, the office of governor Bobby Jindal announced on Thursday. The project represents the first major foreign direct investment by a Chinese company in Louisiana. Yuhuang Chemical has secured an option to purchase more than 1,100 acres for a three-phase project next to the Plains All-American Pipeline terminal. After the first methanol plant...
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