Update: Utica Fueling Construction Industry In Eastern Ohio
Posted in the Natural Gas Forum
#1 Mar 27, 2013
UPDATE (3/25/13 10:00 am ET): Utica/Point Pleasant development continues to fuel construction in not only Ohio but also West Virginia. In two separate articles, Utica Shale was heralded for it’s investment into the region. In West Virginia, the Dominion/Caiman joint venture called the Blue Racer Midstream is currently constructing a $500 million natural gas processing plant right across the river in Marshall County, WV. The project has created over 1,000 construction jobs over the past year. The company building the midstream project, Chicago Bridge and Iron has operations in Ohio. The processing plant is just one processing plant in a $1.5 billion investment into the region.
The second story, featured in the Akron Beacon Journal, focused on the effect Utica/Point Pleasant development is having on commercial development in the region. Thanks to affiliated companies assisting in the development of the Utica Shale, commercial development has been improving over the past year in the Stark and Summit County region. A lot of suppliers to the shale industry continue to move into the Stark County region to capitalize on their proximity to the Utica/Point Pleasant development.
“What we’re doing, in addition to the general economy getting stronger, is we’re seeing an uptick in the shale industry. It’s really percolating,”– Bob DeHoff, President of DeHoff Development (Housing, commercial construction improves in Akron area, 03/25/13)
READ THE REST: http://www.eidohio.org/utica-fueling-construc...
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