Yuhuang Chemical announces land purchase for world scale methanol manufacturing complex

Yuhuang Chemical Inc., announced today it has secured long term, firm natural gas transportation capacity on Transcontinental Gas Pipe Line (Transco) for YCI-M1, YCI's $1.85 billion world-scale methanol manufacturing complex.

Located on property recently purchased by YCI along the Mississippi River in St James Parish, Louisiana, YCI-M1 is a methane to methanol plant designed to produce 1.7 Million metric tons per year of commercial grade methanol. To ensure deliveries of YCI-M1’s natural gas needs, YCI and Transco have executed a 20-year agreement for firm transportation capacity from points in Transco’s Zone 3 to a new delivery interconnection with YCI-M1 to be constructed and operated by Transco.

The North American subsidiary of Shandong Yuhuang Chemical Co. Ltd., YCI operates a corporate office in Houston and is developing its first major U.S. project in St. James Parish. The world-scale project will entail three phases, with construction on the first phase beginning in the fourth quarter of 2015.

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