Wilbur Ross

China Is Financing a Petrochemical Hub in Appalachia. Meet its Powerful Backers.

Read time: 16 mins
U.S. President Trump, Chinese President Xi Jinping, and West Virginia Commerce Sec. Thrasher join in the Great Hall in Beijing for MOU signing for the Appalachian Development Hub  in November 2017

Over the past year, oil and gas industry plans to build a petrochemical refining and storage hub along the Ohio River have steadily gained traction. Proponents hope this potential hub, which would straddle Pennsylvania, Ohio, West Virginia, and Kentucky, could someday rival the industrial corridor found along the Gulf Coast in Texas and Louisiana.

Those plans center around creating what is known as the Appalachian Storage Hub, which received a major boost on November 9 during a trade mission to China attended by President Donald Trump and U.S. Secretary of Commerce Wilbur Ross. At that trade mission, also attended by Chinese President Xi Jinping, the China Energy Investment Corp. announced the signing of a memorandum of understanding (MOU) to invest $83.7 billion into the planned storage hub over 20 years. For comparison, West Virginia's gross domestic product (GDP) in 2016 was $72.9 billion.

Though called the Appalachian Storage Hub as a broad-sweeping term, in practice the hub could encompass natural gas liquids storage, a market trading index center, a key pipeline feeding epicenter, and a petrochemical refinery row. Its prospective development has been spurred by the current construction of a $6 billion petrochemical refining facility in Pennsylvania owned by Shell Oil.

Obama Alums Are Pushing Fracked Gas Exports. That’s Exactly What Trump Wants.

Read time: 12 mins
Obama speaking in front of pipeline parts in Cushing, Oklahoma

During his State of the Union address, President Donald Trump exclaimed that the “war on American Energy” had ended and that “we are now an exporter of energy to the world.”

What Trump did not say, though, is that several former senior energy officials from the Obama administration — the one Trump said had declared a “war on American Energy” — now either lobby or work as executives for companies making his “energy dominance” agenda possible. At least five of these Obama officials now work for natural gas export companies, four of them for Cheniere and another for Tellurian.

As US Coal Exports Swell, Trump Admin Facilitates Major Deal with Ukraine

Read time: 5 mins
U.S. Embassy in Ukraine

Export levels of coal produced in the U.S. shot up earlier this year, as President Donald Trump assumed the White House, in what his administration has dubbed the age of “energy dominance.”

For the first quarter of 2017, export levels grew 58 percent compared to the same quarter last year, according to the U.S. Energy Information Administration. The news comes as the Trump administration recently helped broker a major coal export deal between Pennsylvania-based coal production company Xcoal Energy and Ukranian company Centrenergo PJSC

That deal, which will see 700,000 tons of thermal coal shipped from XCoal's mines to Centrenergo power plants in Ukraine, was applauded by both U.S. Secretary of Energy Rick Perry and U.S. Secretary of Commerce Wilbur Ross.

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