West Virginia Approves 25-year Tax Break for Petchem Investors
10:58 AM MST | January 30, 2012 | Kara Sissell
Tomblin: West Virgina makes pitch for Northeast petrochemical investment. Lawmakers in West Virginia have passed a law providing 25 years of property tax incentives for companies interested in building a petrochemical cracker based on natural gas from the Marcellus Shale. Governor Earl Ray Tomblin is expected to sign the bill. West Virginia is competing with Ohio and Pennsylvania to become the site for a cracker planned by Shell Chemical. Shell announced last year it is developing plans to build a world-scale ethylene plant integrated with derivative units atop...
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