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Old 12-11-2011, 06:03 AM
 
Location: ADK via WV
5,826 posts, read 8,677,654 times
Reputation: 2339

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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."

Investors lease land for cracking plant* - News - The Charleston Gazette - West Virginia News and Sports -

This is really good news with 2,000 construction jobs, 120 direct jobs, and possibly hundreds of spur-off jobs!

Even more good news for the Charleston area!
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Old 12-11-2011, 06:11 AM
 
Location: ADK via WV
5,826 posts, read 8,677,654 times
Reputation: 2339
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!
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Old 12-11-2011, 08:33 AM
 
531 posts, read 1,073,591 times
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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.
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Old 12-11-2011, 10:11 AM
 
10,147 posts, read 14,747,801 times
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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.
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Old 12-11-2011, 11:12 AM
 
Location: ADK via WV
5,826 posts, read 8,677,654 times
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Quote:
Originally Posted by ButtercupMcToots View Post
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!
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Old 12-11-2011, 12:05 PM
 
6,347 posts, read 9,705,154 times
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Quote:
Originally Posted by Chriscross309 View Post
"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."

Investors lease land for cracking plant* - News - The Charleston Gazette - West Virginia News and Sports -

This is really good news with 2,000 construction jobs, 120 direct jobs, and possibly hundreds of spur-off jobs!

Even more good news for the Charleston area!
I used to love those as a kid.
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Old 12-11-2011, 01:40 PM
 
Location: ADK via WV
5,826 posts, read 8,677,654 times
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Quote:
Originally Posted by cry_havoc View Post
I used to love those as a kid.
Late Congrats on 1,000 posts!

gram or town house?
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Old 12-11-2011, 07:59 PM
 
6,347 posts, read 9,705,154 times
Reputation: 1794
Quote:
Originally Posted by Chriscross309 View Post
Late Congrats on 1,000 posts!

gram or town house?
Sorry, I thought you meant Cracker Jacks.

I did eat gram and townhouse as a kid, and still enjoy both, although I dont eat many gram crackers these days.

It is good to see Charleston making a manufacturing recovery. It seems like the city is experiencing some industry growth over the last few years.
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Old 12-11-2011, 10:27 PM
 
Location: Winfield, WV
1,946 posts, read 3,995,891 times
Reputation: 573
Just saw this on the WSAZ News tonight and wanted to come here to see the reaction from everyone. Great news, sounds very promising for our area!
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Old 12-12-2011, 06:51 AM
 
Location: ADK via WV
5,826 posts, read 8,677,654 times
Reputation: 2339
It will be interesting to see how this will affect Southern Kanawha County. This area could use a boost.

This is from today, it's a good little article that makes you feel good inside!

http://dailymail.com/News/statenews/...=1&build=cache
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