Parkersburg Cracker Plant Decision May Not Come in 2015 After All

Last week MDN noted having spotted the first cloud over the Odebrect project to build a $3 billion ethane/petrochemical plant near Parkersburg, WV (see First Cloud Appears for Odebrect WV Ethane Cracker Plant Project). Ostensibly it is the low price of oil that’s causing Odebrecht to reconsider whether or not they will move forward with the project. As we pointed out, “reevaluating” doesn’t mean they’ve decided not to move forward. It just means they’re taking their time. There is, however, a marked change in the “feeling” about this project. Prior to recent comments by Odebrecht the very strong presumption is that the project will proceed. Now? That presumption is no longer quite so strong. WV officials, from both the state and from Wood County where the cracker is due to be built, weighed in with their observation that it’s not the location of the cracker that’s in question…

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