Jul 31, 2014 11:00 China chemical plant firm headed by one of country’s richest China chemical plant firm headed by one of country’s richest Advocate staff photo by HILARY SCHEINUK -- Dr. Charlie Yao of Yuhuang Chemical, Inc addresses the media, Thursday, July 17, 2014 at Oak Alley Plantation in St. James Parish. Yuhuang Chemical, a subsidiary of Shandong Yuhuang Chemical Co. Ltd. based in the Shandong Province in China, is opening a $1.85 billion industrial facility in St. James Parish that is expected to create 350 to 400 permanent jobs. Advocate staff report July 31, 2014 Comments The Chinese petrochemical company that plans a $1.85 billion methanol plant in St. James Parish is led by one of China’s richest men, according to Forbes.com. Yuhuang Chemical is the subsidiary of Shandong Yuhuang Chemical. Wang Jinshu, the company’s chairman, ranked No. 214 on the 2013 Forbes China Rich List with an estimated fortune worth $870 million.