PENWELL, TX – A Houston based gas manufacturer announced Thursday that it will be building a multi-million dollar gas manufacturing plant in the Permian Basin.
According to CBS7, on Apr. 22, Nacero Inc. announced that they will be building a nearly $7 billion gas manufacturing facility near Penwell, TX just west of Odessa on I-20.
"Our Penwell location will create thousands of clean economy jobs, add billions to the economy of the Permian basin, and put natural gas that would otherwise be flared to productive use," stated the company on their website.
The website also claims that the location will serve four million drivers everyday drivers with Nacero Blue and Nacero Green gasoline. They also claimed that with their state of the art equipment they will be able to avoid 30 million tons per year in carbon emissions.
This project will create 350 full-time operators and maintenance personnel with an annual salary of approximately $85,000. During the construction there will be over 3,500 available jobs.
Another huge thing that the facility will do is capture CO2 that would normally be flared off. The facility has a capacity of 1.5 million tons of CO2 per year.
Construction of the plant is expected to start by the end of the year.