Rumor: Holdup in PTT OH Cracker Final Decision Due to Labor Rate

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Every now and again we traffic in rumors here on MDN, but we do so rarely and only when we trust the source of the rumor. We have such a rumor to share, from a source we trust implicitly. We’ve been carping for over a year that PTT Global Chemical has repeatedly violated our deep well of patience by hinting that a “final investment decision” (FID) is “coming soon” for their $7-$10 billion ethane cracker complex in Belmont County, OH (see Still No Ohio Cracker Announcement, Preparations Continue). We now know why the FID is tardy.

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