Odebrecht

An update on the progress being made by Odebrecht and their planned ethane cracker plant and petrochemical manufacturing facility planned for Parkersburg (Wood County), WV. At the recent Global Plastics Summit in Chicago, Braskem (sister company to Odebrecht) vice president of business development, Renato Monteiro, said a final decision on building the proposed cracker plant will be made “by the end of 2015.” Here’s a few other tidbits about the cracker plant that came from Monteiro at the conference, including when the first PE (polyethylene) might be manufactured at the plant…
Read More “Odebrecht WV Cracker Plant Decision “By End of 2015””

The previously announced ethane cracker plant that is slated to be built near Parkersburg, WV is coming along very nicely, according to Odebrecht spokesman David Peebles. A talk at the West Virginia Chamber of Commerce’s Annual Meeting and Business Summit at The Greenbrier last week, along with conversations with the Parkersburg News and Sentinel, provided some key details about just where the project sits. Once again MDN notices how quickly (and convincingly) the Odebrecht cracker project is progressing after being announced just last fall, as opposed to the ponderous path being taken by Shell with their planned cracker plant, announced 2 1/2 years ago. Neither plant is a done deal, yet. But in light of Odebrecht’s full-speed-ahead attitude and news from last week, it sure seems like the WV cracker is a lot closer to being a done deal than the Shell cracker…
Read More “Odebrecht Moves Forward with WV Cracker Plant Plans”

MDN continues to be encouraged by what we see happening with Odebrecht and their plans to build a multi-billion dollar ethane cracker plant and petrochemical complex near Parkersburg, WV, the state’s third largest city (see WV Announces Brazilian Company to Build Ethane Cracker Complex). As we previously commented, the WV ethane cracker just feels like it’s going to happen (see Odebrecht’s WV Ethane Cracker has The Big Mo–Momentum). The evidence that it will happen continued this week…
Read More “More Evidence the Odebrect WV Ethane Cracker Will Happen”

The Shell ethane cracker plant announced for Beaver County, PA has been a roller coaster ride about whether or not it will ever get built over the past two years since it was announced. Just last week the pendulum swung again and the mood turned decidedly gloomy (see Shell’s Shale Pessimism Signals Worry for Some re PA Cracker). In stark contrast to the Shell cracker, the cracker announced late last year by Odebrecht–to be built in Parkersburg, WV–seems to have an air of optimism and inevitability (see WV Ethane Cracker – Cautious Optimism in the Mountain State). Odebrecht officials are careful to say it’s not a 100% done deal yet and that we are “very early” in the process of making this multi-billion dollar project a reality. But what MDN notices about the Odebrecht cracker is forward momentum. Rapid progress. Enthusiasm. It just “feels” like the Odebrecht project is going to happen.

Here is an update on the progress made to date on Odebrecht’s planned ethane cracker complex in Parkersburg, and what will happen next…
Read More “Odebrecht’s WV Ethane Cracker has The Big Mo–Momentum”