Chemical company invests $1.12 billion to build complex in LA - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Chemical company invests $1.12 billion to build complex in LA

Wanhua, the green and modern chemical enterprise in China.(Source: Wanhua Chemical Group website) Wanhua, the green and modern chemical enterprise in China.(Source: Wanhua Chemical Group website)
LOUISIANA (KSLA) -

A chemical plant announced their intentions to build a $1.12 billion project in the state of Louisiana creating more than 1,000 jobs.

Gov. John Bel Edwards and Wanhua Chemical Chairman and CEO Zengtai Liao announced the company will build a major chemical manufacturing complex somewhere in the state. 

The company has not announced where the complex will be located but is expected to release that information later this year.

The project would create about 170 direct positions with an estimated average salary of $70,440. It will also include about 945 indirect jobs, such as construction.

Wanhua will produce methylene diphenyl diisocyanate or MDI. The company says it is an intermediate chemical among the fastest-growing categories of chemical production. MDI is commonly used for polyurethane foams and elastomers, with applications in such consumer areas as appliances, electronics, furniture, textiles and footwear. For industrial applications, MDI is commonly used in the development of rollers, packing, vibration insulators and synthetic leather. 

In a release, the company says the project will be the second-largest foreign direct investment in Louisiana by a company based in mainland China, following the $1.85 billion methanol complex under development by Yuhuang Chemical in St. James Parish. 

Copyright 2017 KSLA. All rights reserved.

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