PTT Global Says OH Cracker Decision “Delayed” Until 2017

PTT Global logoIt’s only been one year since Thailand-based PTT Global Chemical announced they are interested in building a $5 billion ethane cracker plant complex in Belmont County, OH (see It’s Official: Belmont County Chosen as POSSIBLE Cracker Plant Site). Since that time PTT has been busy, spending (by our estimates) at least $150 million on the project (see our list of PTT stories here). However, from the very beginning, PTT let it be known a final decision on whether or not to invest the whole $5 billion would not come until 2016 or 2017. We know have confirmation from PTT that the final decision will (disappointingly) come in 2017. The reason for the “delay” in the decision? Falling oil prices…

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