A new project could generate close to 3,000 jobs in southeast Louisiana.
Governor Bobby Jindal has announced plans for a $1.8 billion methanol project in St. James Parish.
Jindal and the CEO of Yuhuang Chemical announced plans for the project on Thursday.
The governor's office states the first major Chinese investment project in Louisiana will mean 400 new direct jobs there, paying an average of $85 thousand a year.
Construction will begin in 2016, creating about 2,100 additional construction jobs. They expect the first methanol plant to be in operation by 2018.
"We have found a big partner, a great investor to be the first Chinese investor in Louisiana," said Jindal. "They will invest $1.85 billion in a plant in St. James Parish. Let's give them a big round of applause for making this investment in Louisiana."
Hiring will begin in 2015, with employment reaching 200 by 2017 and 400 six years later.