Antero Resources announced it has signed an agreement to become the anchor ethane supplier for the proposed Appalachian Shale Cracker Enterprise (ASCENT) petrochemical complex in Wood County.upplier for the proposed Appalachian Shale Cracker Enterprise (ASCENT) petrochemical complex in Wood County.
In November 2013, Odebrecht announced it will explore the development of a new petrochemical complex in Wood County. The ASCENT complex would include an ethane cracker, three polyethylene plants, and associated infrastructure for water treatment and energy co-generation. A purchase option on the anticipated project site in Parkersburg has already been secured.
The ethane supplied by Antero will be utilized by ASCENT to manufacture polyethylene, one of the key resins used in the production of plastics products. The Colorado-based Antero Resources has offices in Bridgeport and Ellenboro and operates multiple drilling rigs in West Virginia.
This agreement is contingent upon ASCENT reaching a final investment decision once the multiyear feasibility analysis is completed and a construction decision has been made.
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