Work begins on $1.85B methanol plant in St. James Parish, only 14 miles from our furnished apartments.
Photo By Yuhuang Chemicals Inc.
Yuhuang Chemical Inc. said it has started work on its $1.85 billion methanol manufacturing complex in St. James Parish. Construction began Jan. 9 2017, according to a news release. The project is scheduled to be completed during the fourth quarter of 2019. Then the facility will begin distributing methanol by truck, rail, barge and ocean vessels.
Yuhuang Chemical Inc. management expects a large portion of the 1.8 MMTPY to be distributed locally with the balance exported primarily to Europe and China, the news release 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 (so called “M1”).
Two more phases are set to follow, leading to the employment of 100 permanent workers over the nest several years. 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.
Most of these industrial construction workers are not native to our area and are customers for furnished rentals, corporate rentals, and extended stay housing. We have also seen a boom in hotel building in our area. However, Customers report that hotel stays longer than a couple of weeks are not comfortable. Extended jobs require extended stay, home-like accommodations. Safe and comfortable housing is the business of Ascension Corporate Rentals.
Attention: YCI construction engineers and workers! If you want safe, quiet, and comfortable furnished apartments, please consider the Petivan Plantation Guest House at AscensionCorporateRentals.com