Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Riviera: Formosa Plastics Bid $9.4B for 2,400 Acres in St. James Parish

Gloria Riviera · Introducing Discarded: Episode 1, David vs. Goliath · Mar 13, 2023 · at 5:26

Host Gloria Riviera introduces the multi-billion-dollar Sunshine Project proposed by Formosa Plastics in St. James Parish, Louisiana.

0:00 / 0:11exact quote · 11.7s

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“In 2018, Taiwanese-based Formosa Plastics Corporation put in a bid, a big bid, 9.4 billion dollars for 2400 acres in St. James Parish.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

In 2018, Formosa Plastics Corporation bid $9.4 billion for 2,400 acres in St. James Parish for the Sunshine Project.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

On April 23, 2018, then-Louisiana Governor John Bel Edwards and Formosa Petrochemical Corp. announced that Formosa (via its subsidiary FG LA LLC, part of Formosa Plastics Group) had selected a 2,400-acre site in St. James Parish for a $9.4 billion chemical manufacturing facility known as 'The Sunshine Project.' While the $9.4 billion figure represents the total projected capital investment for the complex rather than the standalone land acquisition price, all substantive elements of the claim—the 2018 date, Formosa Plastics, the $9.4 billion figure, the 2,400-acre footprint, and the St. James Parish location—are fully verified by state economic development records and contemporary reporting.

Louisiana Economic Development (LED) official press release on April 23, 2018, announcing Formosa's $9.4 billion capital investment for 'The Sunshine Project' across 2,400 acres in St. James Parish.
Contemporary reporting from The Advocate and Oil & Gas Journal in April 2018 confirming the $9.4 billion two-phase petrochemical complex announcement by Formosa Petrochemical Corp. on a 2,400-acre site along the Mississippi River in St. James Parish.

Checked against

[1] gnoinc.org [2] opportunitylouisiana.gov [3] georgetown.edu [4] ogj.com [5] bicmagazine.com [6] sierraclub.org [7] earthjustice.org [8] facebook.com

"Formosa" "9.4 billion" "Sunshine Project" "2,400 acres" "St. James" 2018 "Formosa Plastics" "9.4 billion" "St. James Parish" "Sunshine Project" Louisiana Economic Development 2018 Formosa Plastics "The Sunshine Project" "2,400" "St. James Parish" "$9.4 billion" "April 23, 2018" Formosa "9.4 billion" "Sunshine" Louisiana

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Formosa Plastics Corporation St. James Parish

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Riviera: Formosa Plastics Bid $9.4B for 2,400 Acres in St. James Parish

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