NASHVILLE — Plans for an underground natural gas liquids storage hub pegged as a major job creator for the chemical industry in struggling Appalachia have cleared their first big hurdle. Appalachia Development Group, which is heading the project, said it also aims to secure $1.4 billion through other financing. Then a facility such as an ethane cracker could use the natural gas to produce ethylene, which is widely used in plastics and other chemical industries, Hedrick said. The natural gas liquids are also expected to be exported internationally for use by U.S. allies, he added. Part of the focus is on underground storage of natural gas liquids and derivatives.

Source: National Post January 03, 2018 21:00 UTC