PTT Global

This is your friendly (somewhat snarky) semi-regular reminder from MDN that the PTT ethane cracker project in Ohio is dead (see Facing Reality – PTT Ohio Cracker Plant Project is Dead). We periodically look for signs of life in the project, and it has been a flat line for YEARS. Nothing. Local and state leaders in Ohio used to pop their heads up to tell us to have hope, that it will still happen. Not anymore. While PTT still chips in donations to the town now and again, no one seriously thinks there will be a cracker plant on the site in Dilles Bottom (Belmont County), Ohio. We have more evidence to support our view… Read More “PTT Investing $21.25B in 2025 to 2029, But Not in Ohio Cracker”

This is your friendly (somewhat snarky) semi-annual reminder from MDN that the PTT ethane cracker project in Ohio is dead (see Facing Reality – PTT Ohio Cracker Plant Project is Dead). We periodically look for signs of life in the project, and it has been a flat line for YEARS. Nothing. Local and state leaders in Ohio sometimes pop their heads up to tell us to have hope; it will still happen. BUNKUM. Earlier today, PTT Global Chemical Public Company, the parent that would build an ethane cracker in Belmont County, OH, announced a deal with Mitsubishi Heavy Industries “to explore the utilization of hydrogen, ammonia and CCS technology to develop a large-scale petrochemical plant to achieve Net Zero.” However, the location of the plant will be in Thailand, PTT’s home country, and NOT in Ohio. We’ve pointed out for years that PTT has all sorts of money to work on big, multi-billion-dollar petrochemical plant projects elsewhere, but apparently there is not enough money for the Belmont ethane cracker. Why?
Read More “PTT Working on Plan to Build Petchem Plant…in Thailand, Not Ohio”

Two weeks ago, MDN editor Jim Willis offered the opinion that PTT Global Chemical is not going to build an ethane cracker plant in Belmont County (see Facing Reality – PTT Ohio Cracker Plant Project is Dead). He backed up his opinion with observations and facts to support it. On Tuesday, the Belmont County Township Trustees Association heard a report from PTT’s public relations firm, which continues to dangle the carrot that the cracker plant is coming.
Read More “PTT Offers Excuses to Belmont County on Why Cracker Project Stalled”

We’ll say aloud what no one else appears ready or willing to say: The long-ballyhooed PTT ethane cracker plant project in Belmont County, Ohio, announced eight years ago, is dead. That’s our humble opinion. We periodically look for signs of life in the project, and it has been a flat line for YEARS. Nothing. A local news article from earlier this week asked, “What is the future of the Belmont County Ethane Cracker plant project?” Local county leaders are still “very optimistic” it will get built. We say it’s time to face reality.
Read More “Facing Reality – PTT Ohio Cracker Plant Project is Dead”

JobsOhio, a private nonprofit largely funded by the profits from state liquor sales, is dedicated to attracting new jobs and investments to the state. JobsOhio has been a big part of the plan to get an ethane cracker built in the state, a project currently on hold. JobsOhio still believes there will be an ethane cracker plant built on a site prepared for that purpose in Belmont County, Ohio. PTT Global Chemical is supposed to be the one building the plant. However, a stray comment by the President and CEO of JobsOhio, JP Nauseef, confirms what we’ve thought for a long time…
Read More “JobsOhio Says OH Ethane Cracker Will Happen, PTT or Someone Else”

Last August, PTT Global Chemical finally came clean and admitted there will be no final investment decision (FID) to build a $10 billion ethane cracker plant project in Belmont County, OH, until they secure a partner to help finance the project (see PTT Finally Admits Truth – Ohio Cracker Project on Indefinite Hold). Early in the modern shale era, numbers were thrown around about the Marcellus/Utica attracting four or five ethane cracker projects. The Shell cracker in Beaver County is almost ready, but so far, it’s the only one. Will the PTT cracker ever actually get built? Will there be others built?
Read More “Why Didn’t Ohio PTT Cracker Get Built? Is There Still Hope?”

Last August, PTT Global Chemical finally came clean and admitted there will be no final investment decision (FID) to build a $10 billion ethane cracker plant project in Belmont County, OH, until they secure a partner to help finance the project (see PTT Finally Admits Truth – Ohio Cracker Project on Indefinite Hold). In other words, the Ohio cracker is on indefinite hold. Yet PTT continues to mouth support for the project.
Read More “Ohio Cracker Plant Air Permit Expires, PTT Filing for New Permit”

In August, PTT Global Chemical finally came clean and admitted there will be no final investment decision (FID) to build a $10 billion ethane cracker plant project in Belmont County, OH, until they secure a partner to help finance the project (see PTT Finally Admits Truth – Ohio Cracker Project on Indefinite Hold). In other words, the Ohio cracker is on indefinite hold. Yet the company via its U.S. spokesman continues to tease and offer up hope the project will happen.
Read More “On-Hold PTT Ohio Cracker Still Teases – Claims Will Be Net-Zero CO2”

In February of this year, PTT Global Chemical adamantly claimed a final investment decision (FID) to build the $10 billion ethane cracker plant project in Belmont County, OH would happen by “middle of 2021” (see PTT Says Recent Reports of Ohio Cracker Decision Delay “Not True”). They lied. Again. Last week we told you that since May, PTT Global Chemical’s parent company, PTT Pcl (Thailand’s biggest company by far), has spent almost $10 billion to build an electric vehicle business and buy up petrochemical assets in Europe and renewable-energy projects in Asia (see PTT Blows $10B on Renewables Since May, Still No OH Cracker FID). Yet they can’t scrape together the money to build the Ohio cracker plant. PTT Global Chemical has finally come clean and admitted there will be no FID for the cracker plant–not until they secure a partner to help finance the project. In other words, it’s on indefinite hold.
Read More “PTT Finally Admits Truth – Ohio Cracker Project on Indefinite Hold”

We’ve written many articles about the potential PTT cracker plant since April 2015 when PTT, 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). PTT has teased a “final investment decision” (FID) to move forward and begin construction so many times over the years since then, we’ve lost count and we’ve become a bit jaded about the prospects for the project. However, someone we highly admire and respect, someone who really would know whether or not it will get built, now says he is “highly confident one way or another…it’s going to happen.”
Read More “Expert Says PTT Ethane Cracker in Belmont, OH Will Get Built”

Once again PTT Global Chemical is changing the timeline for a final investment decision (FID) to build a $10 billion ethane cracker plant in Belmont County, OH–for the umpteenth time. The most recent timeline had a decision coming by the end of this year or in the first quarter of next year. Whoops, they did it again! The new timeline is now “at least the middle of 2021.”
Read More “PTT Delays Final Cracker Decision to at Least Middle of 2021”