A project to build a massive petrochemical complex centered around an ethane cracker plant in Wood County took another step forward with the purchase of the land where it is to be built for nearly $11 million.

Appalachian Shale Cracker Enterprise LLC purchased the SABIC Innovative Plastics plant property at 9226 DuPont Road, Washington, W.Va., for $10,910,890.

In November, Brazil-based Odebrecht announced with state officials including Gov. Earl Ray Tomblin that it planned to develop a cracker plant on the site, expected to create thousands of construction jobs and hundreds of jobs at the facilities. The complex, which will also include three polyethylene plants and associated infrastructure for water treatment and energy co-generation, is to be called the Appalachian Shale Cracker Enterprise, or Ascent.

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