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Chinese company to invest $83.7 billion in West Virginia shale

Friday, November 24, 2017 by

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China Energy Investment Corp. Ltd. will invest $83.7 billion in shale gas development and chemical manufacturing in West Virginia over the course of 20 years per an agreement with West Virginia officials, according to the Associated Press.

West Virginia Commerce Secretary Woody Thrasher and China Energy President Ling Wen signed a memorandum in Beijing as part of a U.S.-China trade mission during President trump’s visit. Officials say it is part of an overall $250 billion of planned Chinese investments in the U.S.

Project planning will focus on power generation, chemical manufacturing and underground storage of natural gas liquids and derivatives, according to state officials.

Learn more: PennEnergy > West Virginia signs investment pact with China Energy

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Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914.

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