SUBSCRIPTIONSNEWSLETTERSTEXT ALERTSE-EDITIONOBITUARIESCLASSIFIEDSPUBLIC NOTICESJOBSHOMESCELEBRATIONSWHEELSSHOPPETSNIESTOREThe AdvocateBATON ROUGENEW ORLEANSACADIANAWEEKLY CIRCULARSNEWSSPORTSENTERTAINMENTEATPLAYLIVEOPINIONWEEKLIESVIDEOBLOGSHELP  THUNDERSTORM — 75°TWITTERFACEBOOK LINE OF THUNDERSTORMS MOVING ACROSS SOUTH LOUISIANA TODAY; SEE THE RADARChange is coming: Chinese company Yuhuang to begin construction of $1.85 billion methanol plant in rural St. James ParishAdvocate staff photo by BILL FEIG — Dirt gets thrown during the groundbreaking ceremony for Yuhuang Chemical Inc. plant in St. James.Advocate staff photo by BILL FEIG — Sonny and Stevie Graugnard leave after the groundbreaking ceremony for Yuhuang Chemical Inc. plant in St. James. It was their property YCI bought to build their facility. The old sugar co-op rises out of the sugarcane field, background, in which the Graugnard’s also have an interest.Advocate staff photo by BILL FEIG — Current employees of Yuhuang Chemical Inc. plant in St. James gather for a group photo after the groundbreaking ceremony.Advocate staff photo by BILL FEIG — From left, Charlie Yao, President & CEO Yuhuang Chemical Inc., and Jinshu Wang, Chairman Shandong Yuhuang Chemical Co. Ltd., after the groundbreaking ceremony for Yuhuang Chemical Inc. plant in St. James.Advocate staff photo by BILL FEIG — From left, Charlie Yao, President & CEO Yuhuang Chemical Inc.; Lt. Gov. Jay Dardenne; Li Qiangmin, Consul General Chinese Consulate Houston; and Jinshu Wang, Chairman Shandong Yuhuang Chemical Co. Ltd.; after the groundbreaking ceremony for Yuhuang Chemical Inc. plant in St. James.Advocate staff photo by BILL FEIG — From left, Charlie Yao, President & CEO Yuhuang Chemical Inc., and Jinshu Wang, Chairman Shandong Yuhuang Chemical Co. Ltd., after the groundbreaking ceremony for Yuhuang Chemical Inc. plant in St. James.Advocate staff photo by BILL FEIG — Getting ready for the groundbreaking ceremony for Yuhuang Chemical Inc. plant in St. James. From left, Li Qiangmin, Consul General Chinese Consulate Houston; Lt. Gov. Jay Dardenne; Jinshu Wang, Chairman Shandong Yuhuang Chemical Co. Ltd.; Charlie Yao, President & CEO Yuhuang Chemical Inc.; and John McKiel, Senior International Investment Specialist for SelectUSA.Advocate staff photo by BILL FEIG — Jinshu Wang, Chairman Shandong Yuhuang Chemical Co. Ltd., speaks during opening remarks before the groundbreaking ceremony for Yuhuang Chemical Inc. plant in St. James. Watching, seated from left, Li Qiangmin, Consul General Chinese Consulate Houston; Lt. Gov. Jay Dardenne; Charlie Yao, President & CEO Yuhuang Chemical Inc.; John McKiel, Senior International Investment Specialist for SelectUSA; Paul Aucoin, Executive Director Port of South Louisiana; and John Buckley, CEO Air Liquide USA.BY DAVID MITCHELL| DMITCHELL@THEADVOCATE.COMSept. 18, 2015; 0:08 p.m.9 CommentsVACHERIE — Days ahead of a state visit by China’s president, an event that will undoubtedly spark discussion about China-U.S. trade, officials with Yuhuang Chemical Co. said Friday they expect construction of the first phase of a $1.85 billion methanol complex in St. James Parish to start in late October or early November.Company, state and parish officials celebrated the impending construction of the Mississippi River complex in a ceremony Friday at St. James Parish High School with the Chinese company’s global chairman, Wang Jinshu. Wang is one of 15 Chinese business executives attending a forum next week in Seattle where Chinese President Xi Jinping will speak and Chinese and U.S. business leaders will talk about improving business ties between their nations. The stop in Seattle is part of Xi’s weeklong visit to this country and with President Barack Obama as U.S. business officials worry China is curbing their access to its markets, according to Bloomberg and the South China Morning Post.Speaking inside a school gym emblazoned with “Wildcat Country,” officials said the plant is Yuhuang’s first investment outside mainland China, the largest investment by a Chinese company in the Gulf Coast and a sign of increasing business ties between Louisiana and China.“This project will be mutually beneficial for the long-term interests for our country and the development of China-U.S. relations,” said Wang, who spoke in Mandarin Chinese and had a translator repeat his comments in English.Once the entire complex is finished, Wang said, it will be the largest methanol plant in Louisiana and likely end up sending all its production back to China.In a brief interview through his translator, Wang, whom Forbes describes as a billionaire and regional Communist Party official, said the groundbreaking Friday and Xi’s state visit next week were just good timing.Announced last year and one of several new methanol facilities in Louisiana taking advantage of low natural gas prices, the facility is expected to create 400 permanent jobs with an average salary of $85,000 a year, as well as

Source: Change is coming: Chinese company Yuhuang to begin construction of $1.85 billion methanol plant in rural St. James Parish | The Advocate — Baton Rouge, Louisiana

Change is coming: Yuhuang Methanol to begin construction of $1.85 billion plant in St. James Parish 
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