The economy in Monroe County has been faced with some challenging times with the closing of industrial hubs, such as Ormet, but all of this could change in the future.
According to Appalachian Resin CEO, Jim Cutler, the Houston Texas based company is considering using land in Monroe County to bring a billion-dollar cracker plant to the area.
"One of the things that you have to consider, when you talk about building a petrochemical plant, in the Marcellus area is that there is no existing infrastructure," Cutler said.
He said the reason the company has chosen Salem Township, in Clarington, Ohio as the site for the new facility is because of its proximity to the Ohio River and how well it will fit in with all of the existing oil and gas activity happening in the area.
The Monroe County Port Authority said they continue to make substantial progress toward making the project come to fruition.
"Upon the execution of our letter of intent the port authority immediately initiated the testing and permitting, and gathering materials to ensure the site is environmentally sound," Cutler said.
The news couldn't come at a better time, as the local economy in Monroe County has been on a downturn after losing Ormet.
Appalachian said they plan to hire 200 people from our area to run the operations and they will work with local technical schools to make sure everyone has the proper training to do their jobs.
"In hiring these people, before plant start up, and training them, so when the plant in finally commissioned and starts up, we will have a workforce that is trained and ready to go," said Cutler.
The company hopes to sign a formal lease and start construction on the facility as soon as the environmental studies are completed.