PTT Global Chemical pcl (PTTGC) and Daelim Industrial Co. continue to work towards sanctioning the multi-billion dollar ethane cracker proposed for Southeast Ohio, a project spokesman said this week.Click here to read more (subscription required).
A final investment decision (FID) has been in the offing since 2015, when PTTGC committed $ 100 million for preliminary design work on the facility and initially expected to have a decision by 2017. The timeline was later pushed back to 2018 and passed. decision is imminent, pieces continue to fall into place that suggest the plant will ultimately get built, sources said.
Project spokesman Dan Williamson said PTTGC is currently focused on selecting an engineering, procurement and construction (EPC) firm to build the massive facility. The recently contracted with a local business to remove trees from the proposed site. major regulatory approvals, having secured its air permit late last year from the Ohio Environmental Protection Agency.
Thursday, April 18, 2019
Progress Slowly Continues Towards Construction of Belmont County Cracker Plant