Chinese company to invest $83.7 billion in West Virginia shale, chemical industries

West Virginia officials say they have an agreement that calls for China Energy Investment Corp. to invest $83.7 billion in shale gas development and chemical manufacturing in the state over 20 years, according to the Associated Press. The news service says West Virginia Commerce Secretary Woody Thrasher and China Energy President Ling Wen signed the memorandum in Beijing as part of a U.S.-China trade mission during President Donald Trump's recent visit there. West Virginia officials say project planning will focus on power generation, chemical manufacturing and underground storage of natural gas liquids and derivatives.

Global, West Virginia