Pttgc

PTT Global Chemical pcl (PTTGC) and Daelim Industrial Co. continue to work toward sanctioning the multi-billion dollar ethane cracker proposed for southeast Ohio, a project spokesman said this week.

What would be the Appalachian Basin’s second multi-billion dollar ethane cracker has finally secured all the major regulatory approvals needed to move forward after the Ohio Environmental Protection Agency (OEPA) completed its environmental review and issued the project’s final permits as 2018 came to an end.

Emboldened by a partnership with South Korea-based Daelim Industrial Co., PTT Global Chemical pcl (PTTGC) raised its stakes in Ohio on Monday, announcing that the size of its proposed ethane cracker in Belmont County would nearly double.

Emboldened by a partnership with South Korea-based Daelim Industrial Co., PTT Global Chemical pcl (PTTGC) raised its stakes in Ohio on Monday, announcing that the size of its proposed ethane cracker in Belmont County would nearly double.

PTT Global Chemical pcl (PTTGC) has again delayed a final investment decision (FID) for its proposed multi-billion dollar ethane cracker in Belmont County, OH.

PTT Global Chemical pcl (PTTGC) has signed purchase option agreements with eight landowners near the proposed site of its multi-billion dollar ethane cracker in Ohio, giving the company the ability to buy the properties if it were to move forward with the facility.

Thailand’s state-owned petrochemical and refining company, PTT Global Chemical pcl (PTTGC), has taken another step toward building its proposed multi-billion dollar ethane cracker in Belmont County, OH, exercising its purchase option for a 167-acre site there.

PTT Global Chemical (PTTGC) pcl said late Tuesday it needs more time to make a final investment decision (FID) on its multi-billion dollar proposal to build a world-scale ethane cracker in Belmont County, OH, pushing the FID to late 2017.

The final major structures at the site of FirstEnergy Corp.’s former coal-fired R.E. Burger Power Plant in Belmont County, OH, were demolished and cleared on Friday as part of work to prepare the location for PTT Global Chemical pcl’s (PTTGC) proposed ethane cracker. The plant’s 854-foot stack was demolished on Friday. The site sits along the Ohio River. According to local news media reports, traffic was restricted on both sides of the river in Ohio and West Virginia, with Ohio setting up a two-mile buffer zone to protect motorists and pedestrians from any debris caused by the demolition. West Virginia’s Marshall County also set up viewing areas for the public to watch the work. Boilers were set to be cleared off the site as well. After a two year search, PTTGC selected the 150-acre site and another 350-acre plot nearby for the cracker. Ohio officials said at an industry conference in Pittsburgh in June that the company filed key air and water permits in May and June (see Shale Daily,June 27). The site preparation work is expected to be complete this fall (see Shale Daily,Jan. 8). PTTGC has said it expects to make a final investment decision about the facility by next year.