Belmont County | Energy Services | Ethane | Industrywide Issues | Ohio | Processing Plants | PTT Global
Is PTT Going to Build a Cracker in Belmont County, OH…or Not?
We have another article today that looks at a current issue from both sides–whether or not PTT Global Chemical will, in the end, build a $10 billion ethane cracker plant in Belmont County, Ohio. 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).
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Just yesterday MDN told you about one expert’s view that there won’t be one massive NGL storage hub built in the Marcellus/Utica, but a number of smaller hubs (see 
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.
A group of leftwing radical professors (all of the Democrats) from seven universities in Ohio and Pennsylvania have colluded to write a letter to the governors of Ohio, Pennsylvania and West Virginia. The letter trash talks the billions of dollars in economic impact and tens of thousands of jobs ethane cracker plants and the petrochemical industry will have in the region. The leftist gang of seven poo-poos those estimates and says the proposed PTT cracker is too “risky” to approve. How do they figure?
PTT Global Chemical, the huge Thailand-based petrochemical company looking to build a world-class ethane cracker plant in Belmont County, OH, has botched its messaging about when it will make a final investment decision (FID) about moving forward with the project. The latest FID was supposed to be now, by the end of June this year (see 
In late April PTT Global Chemical, the huge Thailand-based petrochemical company looking to build a world-class ethane cracker plant in Belmont County, OH, announced it would not make a final investment decision (FID) about whether to build the Ohio cracker by mid-2020 (see 
Last Friday PTT Global Chemical, the huge Thailand-based petrochemical company looking to build a world-class ethane cracker plant in Belmont County, OH, issued an update for the project. In February PTT’s CEO signaled that a final investment decision (FID) on whether (or not) to build the project would happen by “mid-year 2020” (see 
Even amid the coronavirus pandemonium and economic destruction happening everywhere, important oil and gas (and petrochemical) projects continue to make progress. In particular, the PTT Global Chemical plan to build an ethane cracker plant in Belmont County, OH still shows signs of life. In February PTT’s CEO signaled that a final investment decision on whether (or not) to build a multi-billion dollar ethane cracker in Belmont County, OH is coming by “mid-year 2020” (see 
Nearly two weeks ago Shell, at the prompting of local officials, shut down construction of the mighty ethane cracker plant the company is building in Beaver County, PA (see 
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 amazes us that we now have to defend perhaps the greatest advancement to the longevity of not only humankind but all species on planet earth. That advancement is PLASTICS. Yes, plastics. The invention of plastic and its uses on Mom Earth has made our lives better. Plastics, contrary to the current popular mythology, have extended human and animal life. And yet, even the companies that build giant cracker plants to create raw plastic pellets (for further use in thousands of plastic products) must now bow down before environmental crackpots to declare their concern (even dislike) of the very thing they produce: plastic. It’s bizarre.
We’re now a couple of months shy of the fifth anniversary for when PTT first announced they would consider building an ethane cracker plant in Ohio (see 
Big Green is doing its best to stir up opposition to PTT Global Chemical’s proposed ethane cracker plant in Belmont County, Ohio. Big Green is also trying to hide its involvement and pass itself off as organic, local community opposition. Not true. Last week the same so-called community organizer addressed an anti meeting at a local church and organized a “protest” a few days later.