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Last updateFri, 23 Feb 2018 5pm

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End-User News

Appalachia Storage & Trading Hub Gets First Approval

Appalachia Development Group, LLC has received the first of two approvals for a $1.9 billion loan guarantee from the DOE to support the development of infrastructure for the Appalachia Storage & Trading Hub (ASTH).

The ASTH is a proposed underground storage facility for highly valuable natural gas liquids and intermediates. According to the American Chemistry Council, the development of the ASTH would serve as a catalyst for the creation of an estimated $36 billion in follow-on petrochemical investments. 

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