$6 Billion Natural Gas to Fuel Plant Planned in Pennsylvania
A Texas-based company has announced plans to build a multibillion-dollar plant on the site of a former coal mine in northeastern Pennsylvania to develop fuels from natural gas, which officials say will bring thousands of jobs to the area.
Officials announced at an online news conference Friday that Houston-based Nacero Inc. plans to invest $6 billion in the Newport Township plant, which will use gas from the Marcellus Shale reservoir, which has produced more gas than any other reservoir in the nation.
“We are going to be making gasoline, which is our largest commodity consumer product, from natural gas and renewable natural gas,” said Thomas Tureen, chairman of the board.
Formed in 2015, Nacero plans nine U.S. plants using natural gas to produce gasoline that can be used in existing vehicles. The projects will create thousands of construction and other jobs, and each of the plants will eventually employ about 450 people, Tureen said.
“We will be breaking ground for our first facility in Texas early next year. So, this is not a pipe dream, it’s not far off in the distance. We’re shovel-ready down there,” he said.
Pennsylvania is second only to Texas in the production of natural gas.