Carbonyx Inc. plans to build a chemical plant in Millwood,
W.Va., that will make Cokonyx, a proprietary product that
replaces coking coal as a steelmaking raw material.
"This means an
investment of tens of millions of dollars and at least 60
good-paying jobs," West Virginia Gov. Earl Ray Tomblin said
impact will reach beyond Jackson County: Carbonyx will use West
Virginia coal to produce a key ingredient for steelmaking,
which is in demand from major steel companies," he said.
"Its a natural
fit to make West Virginia home to our carbon alloy facility due
to its coal reserves, long-standing tradition with the steel
industry ... and the quality of its people," Carbonyx chief
executive officer Siddhartha Gaur said in statement. He
couldnt be reached for additional comment Nov. 22.
Cokonyx is a carbon
alloy that offers lower cost and less environmental impact than
traditional coke, according to the Plano, Texas-based company,
which will begin construction of the new plant next year.
Founded in 2000,
Carbonyx has commercialized its carbon alloy research to
produce Cokonyx, which uses several forms of carbon. The base
raw material, coal, is blended with other carbonaceous
substances at various points during a proprietary carbon alloy
After several critical reactions in a controlled
environment, the resulting product is a semicrystalline carbon
structure that has applications in the iron, steel and mineral