YOUNGSTOWN, Ohio – PTTGC America, the Thailand-based petrochemicals giant considering building a $5.7 billion ethane cracker plant in Belmont County, today announced it would postpone its decision on whether to move forward with the project.
The final investment decision is planned toward the end of this year instead of its initial target of March, Toasaporn Boonyapipat, president and CEO of PTTGC America, said in a statement.
“We now anticipate reaching a final investment decision in late 2017, which is several months later than what we anticipated,” he said in a press released issued Tuesday afternoon.
Boonyapipat said that the project requires additional attention related to the initial designs that were submitted to the company by two engineering, procurement and construction contractors. “We recognized the need for further discussions with each of them so that we will be in a stronger position to make our decision on the engineering design and economic feasibility of…
Michelle and Geoff Greenfield didn’t set out to create a business when they started researching solar power in Ohio at the beginning of the millennium. But what they learned in a quest for solar panels on the house they were building in rural Athens County pointed them to an unexpected opportunity.
Since Third Sun Solar’s modest start in 2000, the company now boasts more than 600 installations of solar panels in Ohio and 13 other Midwestern states, making the couple’s business focus as environmentally friendly as their surname. They talked recently with Columbus CEO magazine about the birth and growth of their company.
Q: Tell me about Third Sun Solar and its evolution. You started in your attic?
A: (Geoff) It’s a classic startup story — yeah, in the attic. Evolution is a good word for it. We didn’t really have a sense of what the future would hold and how the…
MINGO JUNCTION — Almost eight years after Russian firm OAO Severstal shuttered the former Wheeling-Pittsburgh Steel Corp. mill in Mingo Junction, new hot metal should soon roll out of the facility that is now known as ACERO Junction.
“We are working on it. We hope to start making our products available to the customer the first week of February,” Jateen Kapoor, a senior management member of ACERO Junction, said Thursday.
A video posted to Facebook late Wednesday seems to show new hot steel rolling through the mill, while an accompanying photo appears to show a new coil being moved on a crane. The images posted may have depicted a test prior to an official restart.
Throughout Thursday, the video and photo generated plenty of conversation regarding activity at the mill.
The person who posted the video and photo could not be reached for comment. Kapoor said he was unaware…
DILLES BOTTOM — U.S. ethane production is growing so fast that federal officials can barely keep track of it, as last year’s projection of 1.4 million barrels per day by 2017 is now trumped by new prognostications of 1.7 million daily barrels by 2018.
As the new U.S. Energy Information Administration numbers indicate, the need for drillers to disperse this liquid continues to climb, which leads Cal Dooley, president and CEO of the Washington, D.C.-based American Chemistry Council, to believe this creates an environment in which the need for ethane crackers grows.
Dooley acknowledged that Royal Dutch Shell cleared its final permit hurdle to begin construction on the Beaver County, Pa. petrochemical complex last week. Also, he and other industry leaders continue awaiting final word on whether Thailand-based PTT Global Chemical will proceed with the firm’s multi-billion-dollar ethane cracker along the Ohio River in Belmont County, which would incorporate the former…