CHARLESTON, W.Va. — The petrochemical complex planned for Wood County took a significant step Wednesday with an announcement from Antero Resources.

The company said it has signed an agreement to become the ethane supplier for the Ascent project announced last year for the Washington area near Parkersburg.

Antero said it would provide 30,000 barrels per day of ethane that will represent nearly half of what Ascent needs to operate a cracker plant.

“Today’s announcement highlights one of the important benefits of shale gas production and demonstrates Antero’s commitment to the growth of downstream manufacturing in the Appalachian Region,” said CEO Paul Rady in a prepared release. “We are excited to work with our partners at Odebrecht and Braskem to help position Ascent as a catalyst for regional economic development.”

Ascent will use the ethane to manufacture polyethylene, which is used in making plastics.

More about the agreement is expected to be announced at 1 p.m. Wednesday at the West Virginia Manufacturers Association’s Marcellus to Manufacturing Ethane Development Conference taking place at the Charleston Civic Center.

Gov. Earl Ray Tomblin joined officials from the company Odebrecht last year in announcing plans for the cracker plant.

 

bubble graphic

8

bubble graphic

Comments

  • LSmith

    Anyone know where these are going to be built?

  • ViennaGuy

    Another step in the right direction for the ethane cracker plant ... it's moving forward. Great news!

    • The bookman

      +1...great news for WV, transformative for Wood County. I can't imagine the excitement level occurring in and around Parkersburg.

      • Art in Ohio

        Major announcement for this area. We have been told that the plant will create 10,000 jobs . Looks like its going forward....great news...

        • ViennaGuy

          Yes. The "up-to-10,000 jobs" number will be construction-phase jobs. I believe that the permanent workforce will be in the neighborhood of 600-700 or so.

          • Whip

            None of this matches up with other news reports. If you google this and read up on the issue...all of the investment is on the gulf coast. Shell has scaled back it's plans for investment in Pennsylvania because there are no end users. West Virginia is not mentioned any where.

          • Not Sold

            I'd say 10,000 jobs is about 10 times the number that would actually be created, construction included, if it ever happens, their biggest problem will be finding dependable workers, who aren't addicted to heroin or meth. And the permitting process with the current EPA.

          • Art in Ohio

            We have been told new chemical plants will be built in or near the valley creating thousands of permantent jobs. Odebrecht has the raw materials for these new chemical operations and that is the reason they will build here. Will have to wait and see.