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Update: Odebrecht explores cracker, derivatives complex in West Virginia
4:54 AM MST | November 15, 2013 | Clay Boswell
(This story has been updated to include a statement from Braskem reaffirming its commitment to the Comperj project.)
Odebrecht is the second company to reveal its interest in setting up an world-scale ethylene plant close to Marcellus shale deposits, which have become a rich source of inexpensive ethane. The first, Shell Chemical, announced in 2011. The company has since chosen a site in Monaca, PA, and begun taking bids for ethane supply.
Odebrecht has already secured a purchase option on a site in Parkersburg, WV.
“As the United States’ leader in polypropylene production and with a significant footprint already in the region, we are excited about today’s announcement,” says Fernando Musa, CEO of Braskem America. “Should Ascent materialize, we look forward to serving our clients in the polyethylene market.”
Governor Earl Ray Tomblin notes that the project is only in its early phases. “Although we realize much work remains to be done, this announcement of a potential project is tremendous news for our state and our region,” he says.