Odebrecht Pushes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Braskem, the largest petrochemical company in Latin America (headquartered in Brazil), and its parent company Odebrecht were, at one time, hot-to-trot to build a multi-billion dollar ethane cracker near Parkersburg, WV. Back in 2015, Braskem purchased the 374-acre site that was formerly the SABIC/GE property from Appalachian Shale Cracker Enterprise for $10.9 million. Then things

What's this? The all-but-dead ethane cracker project planned for West Virginia has new life! (Perhaps the Shell announcement has something to do with it?) Brazilian company Odebrecht has pulled out of the Appalachian Shale Cracker Enterprise (ASCENT) project previously announced for the Parkersburg, WV area (see Odebrecht Pushes the Pause Button on WV Ethane Cracker).