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North Dakota's first suitor for plastics plant files for bankruptcy

Several factors are aligning, however, to make the second attempt more likely to succeed

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About the same time that the North Dakota legislature was approving an incentive aimed at attracting a plastics plant, a previous suitor filed for Chapter 7 bankruptcy in a Colorado court.

The suitor was Badlands NGLS, whose CEO William Jeffrey Gilliam had proposed investing $4 billion to build a polyethylene manufacturing facility in North Dakota in 2015. About a year later, he also announced plans for an alpha olefins plant in the Gulf Coast. Alpha olefins are a versatile feedstock for manufacturing polymers, surfactants, synthetic lubricants, petroleum additives and more.

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