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Sinochem News reported on October 29 that a company headquartered in Texas announced that it plans to build a multi-billion-dollar factory at the site of a former coal mine in northeastern Pennsylvania to develop natural gas.
Officials announced at an online press conference on Friday that Houston-based Nacero plans to invest $6 billion in a plant in Newport Town, which will use natural gas from the Marcellus shale reservoir.
Thomas Tureen, Chairman of the Board of Directors, said: "We will produce gasoline from natural gas and renewable natural gas, which is our largest consumer product
Founded in 2015, Nacero plans to build 9 factories in the United States to use natural gas to produce gasoline that can be used in existing vehicles
He said: "At the beginning of next year, we will break ground in Texas