Contact: Jennifer Scott (202) 249-6512
Major New Chemical Project Could Generate Thousands of Jobs in West Virginia
WASHINGTON (November 15, 2013) – The American Chemistry Council (ACC) issued the following statement in response to yesterday’s announcement by Odebrecht, parent company of ACC member Braskem America, concerning its intention to build a multi-billion dollar ethylene cracker in the Mid-Ohio Valley of West Virginia.
“Odebrecht’s announcement is further evidence that abundant and affordable supplies of natural gas have made the United States the most attractive place in the world to invest in chemical manufacturing,” said Cal Dooley, ACC President and CEO. “Senator Manchin, Governor Tomblin, Congressman McKinley and the West Virginia delegation should be congratulated—they have been champions of the kind of smart energy policy that helped make this possible for the Mountain State. Odebrecht’s significant investment will be a game-changer for economic growth in West Virginia, not only for chemical companies, but for the region’s manufacturing sector as a whole.”
Odebrecht is one of a growing list of companies that have announced plans to expand U.S. chemistry production or explore new investments in major manufacturing facilities. As of November, 135 chemical projects worth nearly $90 billion in proposed capital investment have been announced, with 54 percent coming from companies based overseas.