Chinese company Yuhuang's methanol project in southern US enters key phase

YCI, a wholly owned subsidiary of Shandong Yuhuang Chemical Company, is constructing a 1.85-billion-dollar methanol production facility in St. James Parish, Louisiana.

The methanol production facility began in January 2017, while commercial production of methanol is expected to begin in mid-2020.

It is estimated to provide about 2,000 jobs at the peak of its construction phase, and during the operation phase, the plant is expected to add at least 100 permanent jobs, said Yao.

Koch Methanol, an affiliate of Koch Industries, has agreed to buy into the new facility, according to a joint agreement by Koch Methanol and YCI last week.