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	<title>Frack Check WV &#187; West Virginia Jobs Investment Trust</title>
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		<title>WV Invests in Startup Offering Alternative to Cracker Plant</title>
		<link>https://www.frackcheckwv.net/2011/08/13/wv-invests-in-startup-offering-alternative-to-cracker-plant/</link>
		<comments>https://www.frackcheckwv.net/2011/08/13/wv-invests-in-startup-offering-alternative-to-cracker-plant/#comments</comments>
		<pubDate>Sat, 13 Aug 2011 05:16:31 +0000</pubDate>
		<dc:creator>Dee Fulton</dc:creator>
				<category><![CDATA[Industry news]]></category>
		<category><![CDATA[Aither]]></category>
		<category><![CDATA[cracker]]></category>
		<category><![CDATA[drilling]]></category>
		<category><![CDATA[ethane]]></category>
		<category><![CDATA[ethylene]]></category>
		<category><![CDATA[fracking]]></category>
		<category><![CDATA[hydraulic fracturing]]></category>
		<category><![CDATA[marcellus shale]]></category>
		<category><![CDATA[natural gas]]></category>
		<category><![CDATA[west virginia]]></category>
		<category><![CDATA[West Virginia Jobs Investment Trust]]></category>

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		<description><![CDATA[There has been much talk of bringing an ethane cracker plant to West Virginia.  But the state is investing in an alternative technology via an investment of $250,000 by the West Virginia Jobs Investment Trust in Aither Chemicals, LLC. A traditional cracker plant requires an investment of approximately $1 billion or more.  According to the press [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>There has been much talk of bringing an ethane cracker plant to West Virginia.  But the state is investing in an alternative technology via an investment of $250,000 by the West Virginia Jobs Investment Trust in <a href="http://www.aitherchem.com/" target="_blank">Aither Chemicals, LLC.</a> A traditional cracker plant requires an investment of approximately $1 billion or more.  According to the <a href="http://www.wv.gov/news/commerce/Pages/StateInvestsInPlansToDevelopSmallScaleEthanebasedChemicalPlants.aspx" target="_blank">press release by the WV Dept. of Commerce</a>, &#8220;Aither uses an integrated process for creating chemical products derived from ethylene. Aither&#8217;s process is designed to work on a smaller scale with less start-up costs than traditional steam cracker.&#8221;</p>
<p>Leonard Dolhert, Chief Executive Officer of Aither, said the company&#8217;s immediate goal is to build an alliance of investors, of which the Jobs Investment Trust is key.</p>
<p>There was no information released regarding potential future investors in Aither.</p>
<p>&#8220;In Marcellus shale and the byproduct ethane gas, West Virginia has a natural resource with tremendous economic potential.  Aither&#8217;s approach to convert ethane into petrochemicals will enhance our capability to develop this resource, retaining and creating jobs in this state&#8221; said Keith Burdette, chair of the Jobs Investment Trust and secretary of the state Commerce Department in a prepared statement.</p>
<p>Raw natural gas is composed of methane (70-90%) and natural gas liquids such as ethane, propane and butane.</p>
<p><a href="http://dailymail.com/Business/201108111097" target="_blank">Charleston Daily Mail story, 8-12-11</a></p>
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