The 460-acre Institute site operates 24 hours a day. It has several tenants. More than 200 acres are available for redevelopment. Bayer continues to seek new tenants.
The company has been especially active in trying to attract an ethane cracker, which would take advantage of the region's natural gas production and create hundreds of jobs.
Hedrick said in the prepared statement, "We believe we have the infrastructure, transportation options, and the talented employee base, both on-site and in the Kanawha
Valley, to meet the requirements of chemical manufacturers seeking the right location to establish successful operations."
The downsizing at Institute is not directly related to Bayer MaterialScience's announcement in March that it will move its polyether and flexible foam technical center from the West Virginia Regional Technology Park in South Charleston to the company's campus outside of Pittsburgh, Pa.
That decision affects about 30 employees.
It is being undertaken to reduce complexity in the structure of Bayer's polyurethanes business and to realize synergies from consolidating the work with existing research and development facilities on the Pittsburgh campus, the company has said.
Bayer CropScience and Bayer MaterialScience are units of Bayer Group, which is headquartered in Germany.
Contact writer George Hohmann at busin...@dailymail.com or 304-348-4836.