CHARLESTON, W.Va. -- Carbonyx International has a new home in Jackson County.
Gov. Earl Ray Tomblin and Carbonyx officials announced plans for a new plant to be built near the Jackson County Maritime and Industrial Center near Ravenswood.
"It's another great day for West Virginia with tens of millions of dollars being invested," Tomblin said during a press conference at the state Capitol.
The Texas-based company will create 60 initial construction jobs. The multi-phased plant construction is expected to start next year and take 18 months to two years to complete.
"Everyone here has taken the extra step to make sure this project is successful," said Siddhartha Gaur, Carbonyx president and CEO.
"It's especially exciting when a visionary company like Carbonyx invests in West Virginia jobs and their investment opens up a brand new market for West Virginia coal," Tomblin said. "I called Carbonyx a visionary company because they have re-invented the centuries old steel making process."
Tomblin said the plant's announcement is "an important step" in the company's growth. He added that it's appropriate for a company that has created a more environmentally friendly use for coal to locate in the Mountain State.
Carbonyx specializes in an alternative coke product called cokonyx. The multi-step, synthetic process works through a series of chemical reactions to produce the cokonyx that is then used in the metal industry.
"Around the world I don't think there is anything which comes even closer to reducing the carbon footprint and everything as far as the environment is concerned," Gaur said.
Tomblin said when he became governor three years ago he wanted to do two things -- create jobs and lower taxes.
"I'm very proud to say that we have eliminated our consumer sales tax on food, we're phasing out the business franchise tax and we're reducing the corporate income tax," Tomblin said.
Tomblin said this project is not just about jobs that will be created.
"It creates a new market for our coal from West Virginia and also will help put [coal] miners back to work producing the coal that will be used," Tomblin said.