Thailand-based PTT Global Chemical (PTTGC) is reportedly seeking a third partner alongside Japan's Marubeni to invest in its planned US$5.7 bln petrochemical complex in Ohio, US. Last month, PTTGC and Marubeni finalised Belmont County as the possible location to build an ethane cracker. The proposed project will be majority held by PTTGC with more than 51% stake, while stakes of Marubeni and potential third partner have not been revealed. The third partner for the project is expected to be finalised during H2-2015.
PTTGC finance executive vice-president Patiparn Sukorndhaman was quoted by Reuters as saying: "Marubeni specialises in trading business. Having Marubeni as a partner will help us to penetrate the North America market."
20-May-15 
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