Decreasing activity at the site of a proposed ethane cracker plant in Belmont County is not a sign of declining interest in the project.
Officials with PTT Global Chemical America of Thailand and Daelim Chemical USA of South Korea announced online Friday that contractors have completed the first phase of site preparation for the potential plant. The developers have purchased more than 500 acres of land, including the site of FirstEnergy’s former R.E. Burger coal-fired power plant, between the Ohio River and Ohio 7 south of Shadyside. Since mid-2019, heavy equipment has been visible at that location as PTTDLM’s contractors performed site preparation, engineering and design work to prepare for the possible world-scale petrochemical complex.
PTTDLM said Friday that the first phase of this work is complete. As a result, activity on the site will be “significantly reduced for the next two or three months.”
Now, the website pttbelmontcountyoh.com states, officials with PTTDLM are working toward finalizing project financing and supply agreements.
“We will begin the next phase of this project closer to our final investment decision, which we continue to anticipate will come in the first half of this year,” the announcement states. “We thank JobsOhio, Governor Mike DeWine, Lieutenant Governor Jon Husted and the local officials of Belmont County for their continued support, and we deeply appreciate the enthusiasm and the patience of the the Ohio Valley community throughout this process.”Click here to read more.