The new facility, Ascent — Appalachian Shale Cracker Enterprise — would include an ethane cracker, three polyethylene plants, and associated infrastructure for water treatment and energy co-generation.
West Virginia Governor Earl Ray Tomblin said "Although we realize much work remains to be done, this announcement of a potential project is tremendous news for our state and our region."
"I appreciate the hard work of my team from the Development Office and the Ascent team members who have come together to explore this investment," Tomblin added.
Braskem America, producer of thermoplastic resins in the Americas, will take the responsibility of petrochemical-related activities and commercialization of the polyethylene, after the completion of investment.
Braskem CEO Fernando Musa said "Should Ascent materialize we look forward to serving our clients in the polyethylene market."
Odebrecht Environmental CEO Fernando Reis said, "Project Ascent fits within Odebrecht’s commitment to be a partner in development in the regions where we operate."
Ascent’s feasibility will depend on several important variables, including the contracting of long-term ethane supply, as well as financing, regulatory approvals, and appropriate governmental support.
