“Although we realize much work remains to be done, this announcement of a potential project is tremendous news for our state and our region. I appreciate the hard work of my team from the Development Office and the Ascent team members who have come together to explore this investment. I look forward to working closely with them to help bring the project to fruition,” Gov. Tomblin said.
Ascent’s feasibility will depend on several important variables, including the contracting of long-term ethane supply, as well as financing, regulatory approvals, and appropriate governmental support.
Odebrecht will lead Ascent’s investment and financing, as well as the operation of water and electric utilities. “Project Ascent fits within Odebrecht’s commitment to be a partner in development in the regions where we operate,” stated Fernando Reis, CEO of Odebrecht Environmental. “Moreover, Ascent fits into the strategy of our Utilities division, which seeks to invest and manage industrial assets.”
Braskem would be responsible for petrochemical-related activities as well as the commercialization of the polyethylene after the investment is completed. “As the United States’ leader in polypropylene production and with a significant footprint already in the region, we are excited about announcement,” stated Fernando Musa, CEO of Braskem America. “Should Ascent materialize we look forward to serving our clients in the polyethylene market.”
About Odebrecht: Founded in 1944, Odebrecht is a company of Brazilian origin with a global presence. Odebrecht is Latin America’s leader in engineering and construction, chemicals and petrochemicals, and also operates in the areas of bioenergy, water utilities, defense, real estate, oil & gas, shipbuilding, and transportation and logistics. Operating in 26 countries, Odebrecht has more than 190,000 team members of 70 different nationalities and exports products and services to more than 70 countries worldwide.
About Braskem: Braskem is the largest producer of thermoplastic resins in the Americas. With 36 industrial plants in Brazil, the United States and Germany, the company produces over 35 billion pounds of thermoplastic resins and other petrochemicals per year. Braskem is the world’s leading biopolymers producer with its 440 million pound green polyethylene plant that produces polyethylene from sugarcane-based ethanol.
West Virginia State
| On 16th Oct 2021
Premier Li Keqiang has said China is capable and confident of...
| On 16th Oct 2021
The Bangladesh Garment Manufacturers and Exporters Association...
| On 16th Oct 2021
Total UK retail sales rose by 0.6 per cent in September this year...
Uniform designing is a numbers game
Led by MMF, Indian apparel exports likely to double in next 3 years
International apparel brands
Launched first collection at onset of Covid
Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...
Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...
When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...
Non Woven Federation of India
The Non Woven Federation of India (NWFI), representing the regional...
Headquartered in Belgium and with offices in the United Kingdom, Portugal...
Wearable Technology Lab, University of Minnesota
A new study led by researchers at the University of Minnesota's Design of...
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...
Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.