News Archive

A Taste of ACEnet

To continue the celebration of the 30th anniversary of Appalachian Center for Economic Networks, Kroger in Athens is holding a Taste of ACEnet event next week.

Josh Wise, manager of the store located on East State Street, said the idea for the event came from the continuing mission to promote local businesses and ACEnet. The plan is to have entrepreneurs with products in Kroger visit the store and set up shop near their products and give free samples.

Already confirmed to participate are: Crumbs Bakery, Nature’s Magic, Purely American, Sarah’s Sweets, Shade Winery, Silver Bridge Coffee, Snowville Creamery, Vino de Milo, The Herbal Sage and Shagbark Seed & Mill.

Wise said the event will allow people to meet and greet with the entrepreneurs of these businesses and introduce customers to locally-produced products. A raffle requiring no purchase will be held at the end of the event to give away a large basket full…

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Chillicothe Ranked Among Top 100 Micropolitan Areas

CHILLICOTHE – Chillicothe has been ranked as one of the top 100 micropolitan areas in the country for 2014, and local officials say the designation puts the city in a good position moving forward.

Site Selection Magazine, which focuses on corporate real estate and economic development, recently released its list, which ranked Chillicothe in a tie for 74th. Projects that meet at least one of three criteria — $1 million in new capital investment, 20,000 square feet of new construction or the creation of at least 50 new jobs — are considered when creating the rankings.

Micropolitan areas are a recent designation by the U.S. Census Bureau that are defined as nonmetropolitan counties with core urban populations of at least 10,000 people but fewer than 50,000.

The Carlisle building renovation project and a new facility on Ohio 159 and Delano Road as part of an expansion by Murphy-Hoffman Co. were submitted by JobsOhio,…

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Waiting Game for Chemical Cracker Developers

In the long run, low oil prices will create more demand for chemicals, which will make it easier for companies like Royal Dutch Shell and Odebrecht to pump billions of dollars into new ethylene crackers.

In the short run, such projects may be delayed while crude oil prices, which have dropped by 50 percent since the summer, feel around for a new normal.

To understand why several proposed petrochemical crackers recently announced delays or hesitations about going forward, it’s necessary to separate the oil from the gas.

“The reason everybody was betting on building ethane crackers is because there was a very large difference between oil and natural gas prices,” said Maria Mejia, a natural gas liquids analyst with Bentek Energy, which is headquartered in Colorado.

Ethane crackers turn hydrocarbons into ethylene, a starting point for a variety of chemical products. As feedstock, these plants…

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Blue Racer Enters Agreements for Services in Utica Shale

Blue Racer Midstream LLC (Dallas) has entered into long-term agreements with several Utica Shale natural gas producers to provide integrated midstream services for production in liquids-rich acreage in Monroe, Noble, Guernsey, Belmont, Harrison, and Carroll coun­ties in Ohio. Producers that have made recent dedications to Blue Racer include Eclipse Resources, Hess Corp., CONSOL Energy Inc., and PDC Energy Inc. The com­mitments build on previous commitments to Blue Racer from other producers, among them Chesapeake Energy Corp., TOTAL Gas & Power North America Inc., Rex Energy Corp., and EnerVest. All have made long-term dedications for natural gas gathering, compression, treat­ing, processing, and transportation, as well as for conden­sate handling and fractionation, storage, transportation, and NGL marketing.

Blue Racer’s network of nearly 600 miles of large-diameter gathering pipelines crosses 24 counties in Ohio and West Virginia, and has the current capacity to gather more than…

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