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Old Posted Nov 10, 2017, 11:33 PM
PITairport PITairport is offline
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Join Date: Dec 2011
Location: Pittsburgh/Anchorage
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West Virginia Gets China Energy Deal That Dwarfs State's GDP

Quote:
Originally Posted by Dblcut3 View Post
I 100% agree. Every time I visit Wheeling, the historic potential it has always amazes me - the sad part is that there is little money around the area to preserve these structures. Way too many end up in bad shape or get demolished. Unfortunately, I can't see much money being pumped into the Ohio Valley any time soon.
This should certainly help:

"China Energy Investment Corp. plans to invest $83.7 billion in shale gas development and chemical manufacturing projects in the state over two decades, according to a statement from the state’s Department of Commerce.

The memorandum of understanding marks the first step in a series of commitments the company expects to make in West Virginia. These include power generation, chemical manufacturing and underground storage of natural gas liquids derivatives. The size of the proposed investment is larger than the state’s gross domestic product last year of $73.4 billion."


https://www.bloomberg.com/news/artic...fs-state-s-gdp
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