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Business
Chinese Firm Buys Louisiana Land
by Alexander H. Tullo
August 24, 2015
| A version of this story appeared in
Volume 93, Issue 33
Chinese petrochemical producer Shandong Yuhuang Chemical has completed the purchase of land in St. James, La., where it intends to build a methanol plant. The company says that it will soon commence work on the $1.85 billion, 1.7 million-metric-ton-per-year unit, which it intends to complete by 2018. YC also inked a 20-year agreement with Transcontinental Gas Pipe Line to deliver natural gas feedstock to the plant. In recent years, Chinese firms have unveiled U.S. methanol projects intended to convert cheap, shale-based gas into methanol and export it to China.
The power is now in your (nitrile gloved) hands
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