West Virginia Governor, Earl Ray Tomblin, describes Thursday's announcement as a game changer for the state of West Virginia.
Keith Burdette, Secretary of Commerce for West Virginia says, "It represents the largest single industrial project in the history of the state of West Virginia".
The project has been two years in the making. On Thursday, Nov. 14, a sign of progress came with the announcement of plans to build a petrochemical complex in Wood County, WV. Burdette says this doesn't just mean a plant, but it will drive other plants that use their product to make other products.
The current land SABIC sits on is the proposed site of the multi-billion dollar ethane cracker chemical plant where ethylene will be separated from natural gas to produce plastics. A purchase of the SABIC plant has not been finalized, but negotiations are underway.
SABIC informed its employees that they will be ceasing operation in 18 months. Burdette says there are about 109 production employees there, over half are eligible for retirement. Burdette adds that hopefully some will join this new plant and others will find other opportunities.
Right now no numbers are available other than this will be a multi-billion dollar project. Burdette expects the project to create thousands of jobs in just the construction phase.
There is still a long road ahead. Burdette says this project will be in the works for several years.