New Kureha PGA polymer plant begins operation; co-located with DuPont
Kureha PGA recently hosted a grand opening for its specialty plastics plant co-located on the DuPont site in Belle, W.Va. The Kureha plant is dedicated to the production of polyglycolic acid (PGA), a high performance polymer. By co-locating on the DuPont Belle site, Kureha can easily obtain its primary feedstock, glycolic acid, from this facility, reported to be the world's largest glycolic acid plant. Also, co-location allows for lower capital investment, fast startup and reduced operating costs. Marketed under the trade name Kuredux® PGA, the polymer has been certified as a biodegradable plastic in the United States, Europe and Japan.
To view production videos, product sheets, company profile and more, visit www.wvcommerce.org/kureha.
West Virginia ranks among Top 10 best sites to invest in oil and gas development
West Virginia ranks among the world's top 10 most attractive jurisdictions for oil and gas development, according to the Fraser Institute's Global Petroleum Survey 2011. West Virginia scored sixth out of 135 sites worldwide.
Dominion to build $500 million natural gas plant in Marshall County
Energy company Dominion announced plans to build a $500 million natural gas processing plant adjacent to the PPG Industries Natrium plant near New Martinsville. The Dominion plant, expected to be completed in 2012, will be strategically positioned to access production in the Marcellus Shale and the Utica Shale regions. Its location will also provide easy access to barge, rail, truck and pipe modes of product transportation.
Caiman Energy to invest $500 million in Marshall County processing plant
Caiman Energy will invest $500 million to increase the capacity of its Fort Beeler cryogenic gas processing plant. The plant currently processes about 120 million cubic feet of gas per day. The planned expansion is expected to boost the total gas processing capacity to 520 million cubic feet per day by summer 2012.
Chemical firm to invest $1.7 million to expand capacity of Tyler County plant
Specialty chemicals company Momentive Performance Materials announced plans to invest $1.7 million to expand the capacity of its Sistersville plant to produce amino silanes. Silanes are used to help materials such as adhesives and fiberglass bond to surfaces such as rubber, glass, metal, stone and plastic. They are used in automotive, construction, electronics and other industries.
West Virginia Passes Aggressive Legislation to Attract World-Scale Ethane Crackers and Related Facilities
Marcellus Gas Manufacturing and Development Act (Senate Bill 465)
- Modification of "Five for Ten" Program to lower existing and new investment thresholds allows qualified additional capital to be valued at salvage value (eliminates 95 percent of property tax)
- Clarifies an ethane cracking facility as a manufacturer, qualifying the project for Economic Opportunity Credit and Manufacturers Investment Credit
- Amends the strategic R&D tax credit to include design, refinement, and testing of equipment as being eligible as R&D investments
- Includes any component of raw natural gas as an alternative energy resource under the Alternative and Renewable Energy Portfolio Standard
No federal debt for unemployment loans: West Virginia is among the few states not in debt to the federal government for unemployment compensation loans. The federal loans require those states to pay 4 percent interest on the loans and to increase unemployment compensation tax rates on employers each year until the debts are paid.
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Polymer Technology Park Spec Building, Wood County
New 80,000 sf Spec Building in Heart of Polymer Alliance Zone
PAZ has one of the highest concentrations of high-technology, specialty and engineering polymers production in the world.
Expected completion mid-2012
Centrally located in Appalachian Shale Gas Plays
Caprewest Building, Cabell County
Manufacturing space located in Huntington, W.Va.
40 skilled production workers displaced by previous tenant
Location rich with metal working talent
Access to Marshall University and RCBI Advanced Institute for Flexible Manufacturing