Belmont County | Energy Services | Ethane | Industrywide Issues | Ohio | Processing Plants | PTT Global
PTT Loses Partner/Financial Backer for Ohio Cracker Plant Project
PTT Global Chemical yesterday issued a press release to say its major partner and financial backer for a planned $10 billion ethane cracker facility in Belmont County, OH–South Korea’s Daelim Chemical USA–has decided to pull out of the project. PTT said it remains committed to the project and will look for a new partner.
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Yesterday MDN told you the full Pennsylvania State Senate, with an overwhelming bipartisan majority, voted on and passed a bill to grant tax break incentives to huge petrochemical plants willing to build new facilities in PA–facilities that will use Marcellus Shale methane (see 
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Joe Biden, reading like a robot from a teleprompter with no live audience and taking no questions from reporters (to guard against exposing his advancing dementia), yesterday introduced a $2 trillion so-called climate plan. Part of Biden’s plan, no doubt concocted by the likes of Alexandria Occasional-Cortex (AOC), calls for using the jackboots of the federal government to force all states to abandon all electric power generation from sources that produce “carbon” by 2035. That, dear readers, includes eliminating all natural gas-fired power plants and coal-fired power plants, which today produce two-thirds of all electricity produced in the U.S.A.
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