Ohio Ethane Cracker Decision Expected Within Months
The developers of a proposed world-scale ethane cracker in southeastern Ohio expect to reach a final investment decision (FID) on the multibillion-dollar project during the first half of this year.
In a written statement Friday on the project website, PTT Global Chemical America (PTTGC) noted that site preparation, engineering and design work have been underway since mid-2019 to prepare for the possible petrochemical complex it would develop with Daelim Chemical USA in Belmont County, Ohio. The firm noted that contractors working for the “PTTDLM” co-venturers have completed the first phase of work at the Mead Township site, located along the Ohio River.
PTTDLM added that site activity will slow down over the next two to three months as it proceeds to the next pre-FID phase: finalizing project financing and supply agreements.
According to the project website, the proposed ethane cracker would enjoy access to feedstocks from the Marcellus and Utica shale formations and links to major highway, rail, pipeline and port infrastructure. PTTGC reportedly has already spent more than $100 million on detailed front-end engineering design.
The PTTDLM complex would be capable of producing 1.5 metric tons per annum of ethylene and its derivative, the website notes, adding the project has already secured air and waterways discharge permits from the Ohio Environmental Protection Agency.
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