The state’s economic development arm has awarded its largest grant ever for site work for a massive, multibillion-dollar petrochemical plant being considered in eastern Ohio.
The $30 million JobsOhio grant is another in a series of steps being taken to determine whether Thai chemical company PTT Global Chemical America and its South Korean partner, Daelim Industrial Co., should proceed with the project in Belmont County. The company has committed $65 million to this phase, according to JobsOhio.
If the companies go forward, they would build one of the largest economic development projects in state history, one with thousands of construction jobs and probably several hundred permanent jobs once construction is completed.
“JobsOhio’s revitalization grant will support initial site-preparation work, which will begin later this month,” said Matt Englehart, JobsOhio spokesman. “While this is an important and positive step for the project, no final investment decision has been made. JobsOhio and our partners will continue closely collaborating with PTTGC America and Daelim as they work toward a final investment decision.”Read more by clicking here.