Taiwan-based Formosa Petrochemical Corp. will build a $9.4 billion chemical manufacturing complex in St. James Parish, state and company officials announced today.
The complex—located along the west bank of the Mississippi River, down from the Sunshine Bridge—will be built in two phases and produce ethylene, propylene, ethylene glycol and associated polymers
Formosa plans to operate the complex under its subsidiary, FG LA LLC, and is branding the St. James site as “The Sunshine Project.”
Construction could begin as soon as 2019. The project is expected to create 1,200 new direct jobs averaging $84,500, plus benefits. Louisiana Economic Development estimates the project would result in an additional 8,000 indirect jobs.
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