Tank Storage Opportunities Worldwide

E-mail: 
Password: 
 
Latest News
View News Articles
Search News Articles
Submit an Article
Newsletter Archive
Get RSS Feed


EBLS



Plans for Natural-Gas Storage Hub in Appalachia Take Another Step Forward

January 8, 2018 [The News Center] - Plans for an underground storage hub for natural-gas liquids pegged as a major job creator in Appalachia have cleared their first big hurdle.



Appalachia Development Group LLC says the Appalachia Storage & Trading Hub initiative received approval Wednesday for the first of two application phases for a $1.9 billion U.S. Department of Energy loan.

The group also aims to secure $1.4 billion in other financing.

Group CEO Steve Hedrick said it hasn't been determined where the project will land, but listed West Virginia, Ohio, Kentucky and Pennsylvania.

The American Chemistry Council has estimated the project could attract up to $36 billion in new chemical and plastics industry investment and create 100,000 new area jobs.

Sens. Joe Manchin and Shelley Moore Capito and Rep. David McKinley are pushing for the facility to land in West Virginia.

----------------------------

Learn how to unlock more key tank terminal data. Join the Free Webinar TankTerminals.com 2.0: Smart Business Decisions, Powered by Data. Date: February 7th, 2018.



Article contains 147 words
Added to TankTerminals.com on: Monday, January 08, 2018 by The News Center.
<< News  
 


Conditions of Use  |  Privacy  |  Cancellation Policy  |  Contact Us  | Terminal Operator Login  |  © 2018 TankTerminals.com. All rights reserved.
罐区.