A THRIVING MANUFACTURING REGION
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Early steps to building a multibillion-dollar plant in Belmont County
April 22–One proposal to build an ethane cracker in Appalachia took a step forward this week while another hit a delay as companies mull the economics behind spending billions of dollars to convert shale gas to chemicals.
Ohio Gov. John Kasich announced Wednesday that PTT Global Chemical, Thailand’s largest integrated petrochemical and refining company, along with Marubeni Corp., a Japanese company, picked a spot and will begin a permitting process seen as an early step to building a multibillion-dollar plant in Belmont County, west of Wheeling, W.Va.Read More
Plant handling natural-gas component would be Thai-Japanese venture; final decision expected in 2016
It is not every day that elected officials from Appalachian Ohio get to announce the possibility of a multibillion-dollar development.
So Belmont County leaders had reason to enjoy news yesterday that a planned ethane “cracker” plant is envisioned for a site near the Ohio River. And they hope the news will be followed in about a year with a firm commitment by developers to build the project.
Project will create thousands of construction jobs and hundreds of permanent jobs
COLUMBUS, Ohio — A Thai petrochemical and refining company is considering Belmont County as a possible site to build a refinery that would make ethylene and other plastics from shale gas.
PTT Global Chemical, Thailand’s largest integrated petrochemical and refining company and the Marubeni Corp., a Japanese investment adviser, have discussed the project for the last two years with JobsOhio and its regional arm, the Appalachian Partnership for Economic Growth.