Yuhuang Chemical has secured long term, firm natural gas transportation capacity on Transcontinental Gas Pipe Line (Transco) for YCI-M1, YCI's $1.85bn 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.