China to invest 83.7 billion in West Virginia to build petrochemical plants (user search)
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  China to invest 83.7 billion in West Virginia to build petrochemical plants (search mode)
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Author Topic: China to invest 83.7 billion in West Virginia to build petrochemical plants  (Read 2509 times)
Matty
boshembechle
Junior Chimp
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Posts: 6,044


« on: November 20, 2017, 01:53:02 PM »

Potentially big news. That lump sum is more than the ENTIRE state's GDP.

http://wvmetronews.com/2017/11/19/more-about-china-energy-west-virginias-enormous-new-trading-partner/

This could be a pretty shrewd move. I wondered how he was going to navigate the coal miners. Coal is dying, and he actively courted their support. Looks like the pitch will be that he will shift them from mining jobs to chemical plant jobs.

The other big winner here will be the midstream providers in WV. If China is about to dumb billions into shale gas development, somebody has to get that gas to market.
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