NANTICOKE — Marc Heissan, director of strategic development for Nacero Inc., said the company has been working on building a strong understanding on what it will take to develop the chosen location in Luzerne County for the past two years.
“There is still a lot of work to be done, but we will know more once we start construction on our Texas facility next year,” Heissan said.
The Texas-based company on Friday announced plans to build a $6 billion manufacturing facility on the site of a former coal mine that will produce clean gasoline made from natural gas and renewable natural gas and generate thousands of jobs.
The company said the project will bring thousands of jobs and produce tens of thousands of barrels per day of low and zero life-cycle carbon footprint gasoline made from natural gas and renewable natural gas.
Sen. John Yudichak Friday said Nacero’s decision to invest $6 billion and create nearly 4,000 new jobs represents the single largest economic development investment in the history of Luzerne County.
“And, it further represents an environmental transformation of Newport Township and Nanticoke City through the reclamation of mine scarred lands to pave the way for a revolutionary manufacturing facility that will change the global market for gasoline by reducing the carbon footprint in the transportation sector by 50%,” said Yudichak, I-Swoyersville.
But the process is just in the early stages, Yudichak said, noting that much work remains to be done to get the project up and running.
Heissan said the financial markets are looking for large scale projects like Nacero’s that involve a proven technology, have a ready market and meet an important need.
“Our affordable gasoline will be usable in today’s cars and trucks without modification, and we are…