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A sad end to the hope that Braskem, the largest petrochemical company in Latin America (headquartered in Brazil), is going to build an ethane cracker in Wood County, WV, near Parkersburg. We hasten to add Braskem leaving doesn't mean someone else won't will build a cracker plant there--it just won't be Braskem. News is leaking
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).
Two weeks ago, MDN editor Jim Willis offered the opinion that PTT Global Chemical is not going to build an ethane cracker plant in Belmont County (see Facing Reality – PTT Ohio Cracker Plant Project is Dead). He backed up his opinion with observations and facts to support it. On Tuesday, the Belmont County Township
We'll say aloud what no one else appears ready or willing to say: The long-ballyhooed PTT ethane cracker plant project in Belmont County, Ohio, announced eight years ago, is dead. That's our humble opinion. We periodically look for signs of life in the project, and it has been a flat line for YEARS. Nothing. A