Kanawha County getting a Cracker Plant, New Jobs! (Charleston, New Martinsville: lease, lawyer)
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"CHARLESTON, W.Va. -- A local lawyer, whose company has leased almost 1,500 acres of land near Montgomery, said he plans to raise $1 billion by Friday to develop a cracking plant to process natural gas from the Marcellus Shale reserves.
Richard Neely, a Charleston lawyer and former West Virginia Supreme Court Justice, is managing a new company called Invictus, LLC and said the plant will produce a variety of products, including diesel fuel, gasoline, naphtha and ethylene -- a major product used by the plastics industry.
Marcellus Shale gas to be used by the plant also contains methane, propane and ethane.
Invictus has already acquired the rights to 1,456 acres of land to build a cracking plant and related facilities near Coalburg, between Montgomery and Cabin Creek."
Also, there is still a push for a larger Cracker at the Bayer Crop Science Plant in Institute. 600 people signed and online letter of support. This plant could also produce 2,000 construction jobs, and up to 300 direct jobs.
If We could get both of these facilities here in Charleston, then WV could control most of the Marcellus Shale Market. Which in return could turn us into the Middle East of the West!
The Middle East of the West? Is that your phrase? I like that, it's catchy. This sounds promising and also the part about WVTech. I hope the legislature does it's job this week on regulation, they have put it off long enough.
It will be impressive if he can actually raise $1 billion by Friday. That's a lot of money for a private investor to raise. There is no question that Marcellus has tremendous potential for the counties where it is located, and to a lesser extent to neighboring counties as well. New Martinsville/Marshall County also hopes to attract a large cracker facility.
The Middle East of the West? Is that your phrase? I like that, it's catchy. This sounds promising and also the part about WVTech. I hope the legislature does it's job this week on regulation, they have put it off long enough.
Yeah I came up with that, but it kinda came from the Saudi Arabia of America pharse. I'll take 50% of the earnings!
There is so much gas that it would be a sin for us not to capitalize on it. We could control our nations energy grid, and our people could se growth and wealth never seen in these parts. I'm thinking kind of like Texas! go Big or go home!
"CHARLESTON, W.Va. -- A local lawyer, whose company has leased almost 1,500 acres of land near Montgomery, said he plans to raise $1 billion by Friday to develop a cracking plant to process natural gas from the Marcellus Shale reserves.
Richard Neely, a Charleston lawyer and former West Virginia Supreme Court Justice, is managing a new company called Invictus, LLC and said the plant will produce a variety of products, including diesel fuel, gasoline, naphtha and ethylene -- a major product used by the plastics industry.
Marcellus Shale gas to be used by the plant also contains methane, propane and ethane.
Invictus has already acquired the rights to 1,456 acres of land to build a cracking plant and related facilities near Coalburg, between Montgomery and Cabin Creek."
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