The Odessa Development Corporation and Houston-based Nacero Inc. plan to build a $6.5 to $7 billion lower carbon gasoline manufacturing facility at a site in Penwell, TX in two phases. Construction is slated to begin before the end of this year.

Phase one will produce 70,000 barrels per day of gasoline component (ready for blending). Phase two will increase that capacity to 100,000 barrels per day.

The gasoline produced at the facility will contain no sulfur and have half the lifecycle carbon footprint of traditional gasoline. The gasoline will be made from a combination of natural gas, captured bio-methane and mitigated flare gas.

Nacero gasoline will be useable in today’s cars and trucks without modification, sold locally in addition to being distributed widely, and cost competitive with traditional gasoline. Construction of the Penwell facility will employ a peak of 3,500 skilled workers during the four years of phase one construction. When fully operational, the plant will employ 350 full-time operators and maintenance personnel in three shifts with a projected annual salary of approximately $85,000 per person.

Nacero is planning additional facilities in Pennsylvania and Arizona.