News Archive

City approves tax credit for Kraft

Local officials continue to do what they can to encourage an expansion estimated to create 300 new jobs in the next four years to come to the Coshocton Kraft Foods plant.

Kraft representatives have said they should make a decision by the end of September on the location for production of a new, unspecified product line. The Coshocton facility is a finalist for the expansion with another plant in Missouri. Various economic incentives are seen as a key to landing Coshocton the project.

At a special meeting Monday, Coshocton City Council approved Mayor Steve Mercer to enter into a job creation tax grant agreement with Kraft Foods. Kraft would be given a credit of half of the total on the city’s 1.5 percent income tax for 10 years.

The $43 million project is targeted to create 300 news jobs and a payroll…

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Utica Core Emerges as Production Climbs

Production from the emerging Utica shale in Ohio climbed in 2013, according to the latest data from the Ohio Department of Natural Resources (ODNR).

“Ohio is at the beginning of an unprecedented era of oil and gas production,” ODNR Director James Zehringer told a recent event at Stark State College in Stark County, Ohio.

ODNR data show gas production from horizontal wells averaged 470 MMcfd in the fourth quarter of 2013, up from 35 MMcfd in all of 2012. Oil production rose to 15,600 b/d from 1,740 b/d.

The addition of gas gathering, compression, and processing capacity contributed to further growth in the first 3 months of 2014. First-quarter production averaged 750 MMcfd of gas and 21,700 b/d of oil.

David Mustine, senior managing director of JobsOhio, said production growth is heavily dependent on the development of midstream infrastructure. In the past 24 months,…

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MarkWest breaks ground on Cadiz headquarters

CADIZ – Construction of MarkWest Energy Partners’ new administrative office in the Cadiz Industrial Park is putting area officials in a hopeful mood when it comes to the economic future of Harrison County.

Screen Shot 2014-08-08 at 2.14.16 PM“This is symbolic, because it signifies a long-term commitment to this part of Ohio,” state Sen. Lou Gentile, D-Steubenville said Wednesday at a groundbreaking for the new 20,000-square-foot facility, which will serve as MarkWest’s headquarters for its Utica Shale operations in Ohio.

Harrison County Commissioner Don Bethel said the event was more than a celebration of a groundbreaking, it was also “a testimony of the steadfast commitment MarkWest has for Cadiz and Harrison County.”

He noted that when he took office in 2010, there was a negative trend of Harrison County, sending its young people off to college, only to see them settle after graduation…

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SG Preston to build 120 MMgy renewable diesel plant in Ohio

SG Preston plans to build a 120 MMgy renewable diesel facility in in Lawrence County, Ohio. The SGP South Point facility, expected to be complete in 2017, will cost $400 million and create 100 permanent jobs, the company stated. Pre-engineering studies are slated to begin next month. The technology employed at the renewable diesel manufacturing plant will be licensed from Honeywell UOP.  Other partners in the project include the Lawrence County Economic Development Council, which is investing 62 acres in land and other incentives. The Appalachian Partnership for Economic Growth and Jobs-Ohio were also instrumental in securing the investment and technology.

“For SG Preston, this is an important milestone and part of a larger vision of partnering with leading, global refining technology partners and local communities to develop a portfolio of renewable diesel and renewable jet fuel refineries targeting 1.2 billion gallons per year, or 20 percent of the federal…

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