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Senate Commerce, Science and Transportation Committee Hearing
Apr 12, 2012 (Congressional Documents and Publications/ContentWorks via COMTEX) --
CSXT's Rail Network Spans 21,000 Miles In The Eastern U.S.
CSXT serves over two thirds of U.S. population
Connects all major metropolitan areas in the eastern U.S.
CSXT provides broad access to East Coast and Gulf Coast ports
Network positioned to compete for new businesses
Superior market reach into Northeast and Florida
CSX has extensive experience handling chemicals in a safe and efficient manner
Represents $1.5B of CSX revenue
60% of Eastern rail market share
Diverse market using all areas of the CSXT network
WV chemical producers are a major part of CSX's business
CSX operates over 2,000 miles of track in WV, and employs 1,700 people
The shale gas boom has created a unique opportunity to locate new petrochemical plants in WV
* Close proximity to primary raw material, ethane from Marcellus shale wet gas stream
* Fractionators:
- Wet gas is piped into fractionator unit, where natural gas liquids (NGL's) are separated from the gas stream
- NGL's can be shipped out via rail, truck, barge or pipeline
* Ethane Crackers:
- Ethane, the primary NGL, is piped to a "cracker" plant and converted to ethylene
- Ethylene is then made into Polyethylene (PE), Ethylene Glycol and other commodities that can move out via rail, truck or barge
* WV is closer to a large segment of chemical demand in eastern US
- Most PE production today is located in TX, LA and western Canada
* WV is positioned well within the CSX network
- We can reach all major points within 3 to 4 days
- Access to every other Class I railroad and 240 short line railroads
- Direct connection to several major ports for exports
How tomorrow moves ^ ^^Fl52C
CSX has had recent industrial development success in WV
* Recent new customer site announcements in WV have generated thousands of carloads of new business for CSX and new jobs for the state:
- Dominion Energy, Natrium, WV: Natural Gas Liquids plant
* 45 jobs, $400 million investment
- Caiman Energy, Moundsville, WV: Natural Gas Liquids plant
* 25 jobs, $100 million investment
- Armstrong Tile, Ravenswood, WV: Ceiling Tile Manufacturing
* $40 million investment
- Fluids Management, Benwood, WV
* 15 jobs, $2 million investment
- TRANSFLO, a unit of CSX, is opening a new rail-to-truck transloading facility to handle frac sand in Fairmont, WV
- Several major coal facility / new mine development activities in WV, including Arch-Tygart Valley project and United-Roaring Creek project
Steve Davis - CSX Industrial Development Manager:
"In 2011, West Virginia led every other state in investments in rail-served facilities on the entire CSXT system." CSXT recently awarded a CSXT Regional Development Partnership Award to the Wheeling Regional Development Partnership for its development efforts in 2011.
How tomorrow moves ^ ^^Fl52C
CSX is competing vigorously to locate new chemical plants on our network and in West Virginia
CSX is actively engaged with parties interested in building new chemical plants in the Marcellus and Utica Shale states
CSX maintains close working relationships with WV economic development officials
New chemical plants in WV offer attractive long- term benefits for both WV and CSX ^
- More jobs
Somewhat offsets declining domestic coal business
CSX also participates in movements of pipe for drilling and transmission and raw materials to manufacture pipe
CSX
In closing, CSX continues to support and eagerly pursue opportunities in WV:
CSX is encouraging development with incentives and very competitive commercial packages
We hope state and federal government incentives will continue to encourage development
Prompt reviews of permits for appropriate infrastructure will also encourage growth
This growth will promote industrial job creation
THANK YOU
Read this original document at: http://commerce.senate.gov/public/?a=Files.Serve&File_id=cc55d676-4eea-4b74-ba66-ef6216403b27
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