Yuhuang Chemical's US methanol project on track
By Liu Yinmeng in New Orleans, Louisiana | China Daily | Updated: 2018-09-05 08:34
Charlie Yao, CEO and president of Yuhuang Chemical Industries Inc, a wholly owned subsidiary of Shandong Yuhuang Chemical Co Ltd, wanted to build a $1.85 billion methanol production facility on 1,200 acres of farmland in St. James Parish, Louisiana.
A little over a week ago, he moved one step closer.
YCI announced on Aug 23 that it has entered into a business agreement with Wichita, Kansas-based Koch Methanol Investment, a company that distributes chemicals. As part of the deal, Koch has acquired an indirect minority equity interest in YCI Methanol One Llc.
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