PTT Global Chemical Plc (PTTGC) is expected to finalise plans to develop a petrochemical complex in the US by next year after a delay caused by falling global oil prices.
The ethane cracker plant based on shale gas in Belmont County, Ohio is to be finalised in terms of partnership, finance and design in early 2017, said chairman Prasert Bunsumpun.Read the rest of the article by clicking here.
He said completion of the petrochemical complex would take two years, by which time low oil prices should help reduce energy, feedstock and development costs.
The plant costing US$5.7 billion will have an annual capacity to produce 1 million tonnes of ethylene cracker, 700,000 tonnes of high-density polyethylene, 500,000 tonnes of monoethylene glycol and 100,000 tonnes of ethylene oxide.
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