PTT CEO Sends Loud & Clear Signal of Positive FID on OH Cracker

It was April 2015 when PTT Global Chemical, a huge petrochemical company based in Thailand, first announced they would consider building an ethane cracker plant in Ohio (see It’s Official: Belmont County Chosen as POSSIBLE Cracker Plant Site). Since that time PTT has purchased land for the plant and has even been seen moving dirt around at the site (see Dirt Being Moved at PTT Ohio Ethane Cracker Site – Still no FID). We’ve been somewhat critical of PTT over the years, chiding them because they’ve teased a “final investment decision” (FID) is just around the corner. The alluded to dates came and went–and still no FID. (Why do you build me up, buttercup, baby just to let me down, and mess me around?) Here we go again. PTT’s CEO has just announced the company is “on track” to make an FID on the Ohio cracker project “by mid-2020.”

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