Chinese-based company plans to open methanol plant in St. James - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Chinese-based company plans to open methanol plant in St. James Parish

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ST. JAMES PARISH, LA (WAFB) - A nearly $2 billion project is expected to bring hundreds of jobs to south Louisiana.

A China-based company plans to open a new methanol plant on the Mississippi River in St. James Parish. Officials say it's the first major direct investment from China to Louisiana. 

Gov. Bobby Jindal said Louisiana residents can look forward to tons of new permanent careers.

“Not only is it a $1.85 billion investment, they're going to be creating 400 new direct jobs across all three phases,” Jindal said during a news conference. “The average salary for these direct jobs will be $85,000 per year even before benefits.”

Groundbreaking for the plant is set to get underway next summer. The governor added it should be up and running by 2018.

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