The land for the cracker plant project hasn't been bought yet, only optioned.
That land is where Sabic Innovative Products is along Washington Bottom in Wood County.
On Thursday, Sabic announced the closing of its Washington, West Virginia plant, bringing an end to an era.
The 109 workers who were laid off will receive severance packages. Sixty percent of those employees are or will be retirement eligible.
For 37 years, Sabic was known here at home as a world leader in engineering thermoplastics.
In a statement from plant manager Scott Dansey, he says it's a difficult decision but the closing is an effort to increase their competitive position in the global market.
Some production will be transferred to Sabic's Ottawa, Illinois and Bay St. Louis, Mississippi facilities during the second quarter of 2015.
Sabic employees will continue to work at the site over the next 18 months to assist with the transition.
Employees were also told the company signed a purchase agreement for the potential sale of the Washington property to a third-party entity.
They'll consider hiring qualified, local workers if it builds its operations in Washington.
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