Tuesday, December 21, 2010

Region's Rich Shale Gas Deposits May Spur Manufacturing Investment

Bayer AG is looking into the possibility of building a new chemical plant in West Virginia so the company can use ethane, which is a natural gas liquids found in the region's rich shale gas deposits. The "cracker" plant would would convert ethane into ethylene, a key ingredient in plastics such as polyethylene. The company is exploring the use of property to build the plant at either its New Martinsville or Institute locations in West Virginia.

Click to read Bloomberg story.