A $1 billion chemical plant once headed to West Virginia is now expected to land in Monroe County.
Officials in the county about 130 miles east of Columbus along the Ohio River said it would be the largest project in that area since the recently closed Ormet aluminum plant was constructed in the late 1950s and would spur much-needed employment.
Appalachian Resins has signed a letter of intent to lease 50 acres from the Monroe County Port Authority. The Houston-based company plans to construct a $1 billion plant on the site that will use ethane — a component of natural gas — from the nearby Utica and Marcellus formations and break it down into ethylene.
These large industrial facilities are called cracker plants because they heat large molecules of oil and gas until they break down into smaller and smaller molecules.
Plans call for about 150 to 200 full-time jobs once the plant is up and running.Read more by clicking here.
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