December 15, 2014
Due to the shale gas development in the region there is a high probability that a sizable petrochemical complex will be built. Odebrecht-Braskem is well underway in their planning and engineering to invest in an ethane cracker along with polyethylene and polypropylene facilities on the West Virginia/Ohio border. A regional petrochemical facility could potentially have wide ranging and significant impacts on your supply chain.
PolymerOhio and a group of polymer industry executives met with Braskem’s leadership team in Columbus on December 9, 2014. The goal of the meeting was to learn the latest insights as to scope, timing and potential impact on business of this multi-billion dollar investment.
Here are a few key highlights from the meeting:
- Braskem continues their planning and evaluation of their Ascent Cracker and Polyethylene facility slated for West Virginia with an anticipated start-up still several years away. Their new facility in Mexico is scheduled to be on-line late next year or early 2016 from which they will be able to supply into our region.
- Braskem is looking forward to working with companies and other stakeholders such as universities in Ohio to expand the market. David Peebles, Braskem VP of Business Development stated “the value of the polymer cluster is not just in the number of companies but also in the power of the knowledge that resides in the region.”
- Bruce Fawcett, PolymerOhio Executive Director noted “An investment in a regional Ethane cracker and polyethylene facility will further strengthen the Ohio cluster. From shale gas ethane feedstock right through the consumer’s finished product will all happen within a day’s drive.”
It is an exciting time for the polymer industry, as North American Shale Gas reserves are fundamentally changing the global petrochemical industry. PolymerOhio looks forward to continuing to build connections and support the polymer industry in Ohio throughout 2015 and beyond.