Optimism About Ethane Cracker Abounds Around Ohio Valley

Elias Hubbard
March 13, 2018

Governor John Kasich says a major South Korean Industrial Plant builder has joined Ohio's effort to build a multi-billon dollar petrochemical plant.

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

Thomas said everyone in the local region has cause for optimism following Monday's announcement.

A report over the weekend suggested that Ohio's job growth for the last two years under Republican Gov. John Kasich was only slightly better than in the last two years under Democratic Gov. Ted Strickland.

In discussing their plans, though, they disclosed that the scope of the project could double, bringing as many as 6,000 temporary construction jobs and 500 permanent jobs to Dilles Bottom.

JobsOhio, Ohio's privatized economic development office, has provided $19 million to the project.

Gov. John Kasich (KAY-sik) says a proposed multi-billion dollar petrochemical plant in eastern Ohio's Belmont County has a major new global partner. "We will go through an assessment process to determine if there are any violations", Butler said. "I am extremely hopeful, hopeful that within a relatively short period of time, we can come back to this room and make a final announcement".

Kasich said President Donald Trump's tariffs on foreign steel and aluminum would likely increase the cost of the Belmont County project, but said he did not believe this would deter investors.

Intarajang said he hopes the Upper Ohio Valley remains patient.

In June, PTT paid $13 million to acquire the former R.E. Burger plant site from FirstEnergy Corp. In the last month, Minor said PTTGC bought the nearby 300-acre site owned by the Ohio-West Virginia Excavating Co. He said PTT and Daelim are being "diligent and thorough" in their research about the development.

Turak said late Monday he is not sure if developers now plan on leaving his clients' property out of the project, but said no agreement has been reached.

That project is expected to be completed in 2020.

Other reports by Click Lancashire

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