Ohio state Governor John R. Kasich announced that PTT Global Chemical (PTTGC), Thailand's largest integrated petrochemical and refining company, and its project partner, Marubeni Corporation, a Japan-based company, have selected a site in Belmont County, Ohio for the possible construction of a world-scale petrochemical complex, also known in the industry as an ethane cracker. With a site now selected, PTTGC and Marubeni will take the next 12-to-16 months to complete the detailed engineering design and permitting at the Ohio site.
For nearly two years, PTTGC and Marubeni have considered project sites across the Utica and Marcellus shale region. Said Kasich. "There is more work ahead before final decisions on this project are made, but I know our Ohio team will do everything we can to bring it fruition. We are excited about the possibility of working with companies of the caliber of PTTGC Global and Marubeni. A project of this size can help lift the region forever."
If constructed, the ethane cracker would utilize ethane extracted from the region's Marcellus and Utica Shale formations. The facility would then "crack" the ethane into ethylene, which is used as a basis for plastics and resins contained in everyday items such as food and product packaging, textiles and pharmaceuticals. PTTGC and Marubeni are expected to make a final investment decision in 2016. Should the project move forward, construction of the ethane cracker facility would take an estimated three and a half years to complete.
23-Apr-15 
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