Daily Archive for June 13 2011
CHARLESTON AREA ALLIANCE, PARTNERS COMMISSION ETHANE RESEARCH EFFORTS
CHARLESTON, W. Va. (June 13, 2011) — The Charleston Area Alliance, in cooperation with the Chemical Alliance Zone, the West Virginia Oil and Natural Gas Association, MATRIC and Bayer, has commissioned a study to identify ethane storage, transportation and transmission resources within the region. The results of this study will be relevant to companies considering a major investment in an ethane cracker.
The ethane content within the Marcellus shale offers a tremendous opportunity for the Kanawha Valley. Through a process involving high temperatures and pressures, ethane is converted into ethylene, a fundamental building block of the chemical industry. A “cracker” is the specialized facility in which this process takes place.
Ethane storage and logistics are key factors for companies evaluating possible locations for construction of a cracker. The Alliance has retained Marshall Miller & Associates, an Alliance member, to assist with the research efforts.
Experts estimate that constructing one or more crackers in West Virginia and the subsequent downstream chemical processing facilities will require a $1 to $3 billion initial capital investment in the region and create hundreds of permanent jobs.
The Charleston Area Alliance was formed in August 2004 with the merger of the Business and Industrial Development Corporation (BIDCO), the Charleston Regional Chamber of Commerce and Charleston Renaissance Corporation. Through a broad range of innovative programs and services, the Alliance creates jobs, enhances our community and invests in people.
For more information please contact the Charleston Area Alliance at (304) 340-4253 or at firstname.lastname@example.org