St. James Parish welcomes Syngas Energy’s new $360 million methanol facility, jobs
BATON ROUGE, La. — Syngas Energy Holdings CEO Vas Kenyen and Gov. Bobby Jindal announced the company plans to make a $360 million capital investment in a methanol plant in St. James Parish, Louisiana. Located on the west bank of the Mississippi River, the project site is approximately 10 miles south of the Sunshine Bridge. Houston-based Syngas Energy would create 86 new direct jobs, with an average annual salary of $78,600, plus benefits.
Louisiana Economic Development estimates the project would result in an additional 508 new indirect jobs, for a total of more than 590 new jobs in the Southeast Region and surrounding areas. The company estimates the project also would generate more than 800 construction jobs at peak building activity.
After securing permits and making a final investment decision, Syngas anticipates beginning construction in the second quarter of 2016, with completion expected at the end of 2018 and an initial production capacity of 500,000 metric tons per year.
Source: Louisiana Economic Development