The incentives approved by the Tax Credit Authority in the state capital was another step forward in the pivotal movement of Speyside Bourbon Cooperage, Inc. (SBCI) locating a new cooperage at the former Merillat Cabinet facility on East Main Street in Jackson.
The announcement of the action by the Tax Credit Authority was issued by Ohio Governor John Kasich and State Representative Ryan Smith.
The facility will manufacturer new bourbon barrels using Appalachian white oak. SBCI specializes in refurbishing used barrels for spirit-making, and this new facility will be the first to focus on barrel production for the company. SBCI is a subsidiary of TFF Group USA whose parent company is based in France.
“Speyside Bourbon Cooperage is very excited to be locating in Jackson, Ohio. The location is perfect for us, close to our raw material suppliers while also being close enough to serve our customers. Everyone that we have worked with…
A mechanical engineering professor at Ohio University’s Russ College of Engineering and Technology has received a $2.9 million award to test his novel hydraulic fracturing wastewater treatment method on a commercial scale.
Supported by funds from Ohio Third Frontier, Ohio University, and partner companies RF Advanced Technologies Group and Babcock & Wilcox, Associate Professor of Mechanical Engineering Jason Trembly will expand his team’s laboratory-scale prototype to a commercial-sized unit capable of cleaning hydraulic fracturing wastewater onsite, reducing the expense and risks associated with current trucking and disposal methods.
“We want to take that unit out into the field, operate it, show that it works and, pending successful results, then be able to commercialize the technology,” said Trembly, who is also associate director of the Ohio Coal Research Institute.
Design and construction of the team’s current prototype was funded by $2 million in federal and…
WALNUT CREEK – An Ohio State economics professor believes Ohio should use the economic windfall from the oil and gas boom to create a legacy of prosperity for the region.
“We’ve got to hold our policy makers accountable for using these windfalls responsibly,” Matthew Roberts told those in attendance Friday at the Eastern Ohio Development Alliance annual meeting at the Carlisle Inn in Walnut Creek.
In decades past, southern Ohio was dependent on the coal and steel industries for prosperity, but those industries eventually fell into a state of disrepair, he said. “We need to be thinking about that, and policy makers need to be thinking about that.”
State and local leaders should be focused on what will happen to the economy in 20 or 30 years, he said.
“The goal should be that in 20 years, there will be no need for the Eastern Ohio Development Alliance,” Roberts said. Officials should make use…
April 22–One proposal to build an ethane cracker in Appalachia took a step forward this week while another hit a delay as companies mull the economics behind spending billions of dollars to convert shale gas to chemicals.
Ohio Gov. John Kasich announced Wednesday that PTT Global Chemical, Thailand’s largest integrated petrochemical and refining company, along with Marubeni Corp., a Japanese company, picked a spot and will begin a permitting process seen as an early step to building a multibillion-dollar plant in Belmont County, west of Wheeling, W.Va.
“This is a very significant step, but there is still much work to be done,” said Matt Englehart, a spokesman for JobsOhio, an economic development nonprofit.
Cracker plants such as this, and those proposed by Royal Dutch Shell in Beaver County and by a Brazilian partnership in West Virginia, strip ethane from shale gas and convert it to ethylene to make plastics.
Industry leaders and economic development…