• The U.S. subsidiary of PTT Global Chemical (PTTGC America) selected a site in Mead Township along the Ohio River in Belmont County, for the possible construction of a world-scale petrochemical complex, which is also known as an ethane cracker.
  • PTTGC America chose the site because of its location on the Marcellus and Utica shale region and its tremendous access to major highway, rail, pipeline and port infrastructure that would increase efficiency while reducing the environmental and financial costs of transportation.
  • Petrochemical complexes are enormous capital investments with long lifespans and employ highly skilled workers: chemical engineers, chemists, lab technicians and other highly paid employees.
  • If constructed, the project will be capable of producing ethylene and its derivative with 1.5 metric tons per annum.
  • If built, this facility would create hundreds of full-time jobs, thousands of construction jobs and approximately $10 billion dollars in investments.
  • PTTGC America has invested an estimated $200 million to conduct detailed front-end engineering design for a world-scale cracker complex on a site on the west bank of the Ohio River in Belmont County.
  • PTTGC America exercised an option to purchase the central property where the complex would be built.
  • The Ohio Environmental Protection Agency completed its rigorous environmental review of the project, issuing the air permit and the waterways discharge permit in December of 2018. Those permits ensure that the facility, if built, will not have an adverse affect on the air, the water or the health of the surrounding communities.
  • As part of an economic development deal between PTTGC America and local governments, the project would invest $47.5 million over 15 years in education and other community needs while also generating more than $20 million in sales tax revenue during construction.
  • PTTGC America has reached a precedent agreement with Energy Storage Ventures LLC through its wholly owned subsidiary Mountaineer NGL Storage that outlines the terms and conditions for the development of a natural gas liquids storage facility that will provide storage and transportation services for the proposed PTTGCA complex.
  • PTTGC America has signed a long-term ethane feedstock agreement with Range Resources – Appalachia LLC. Range will provide 15,000 barrels per day of ethane as feedstock for the proposed PTTGCA complex.
  • PTTGC America continues to work with the Ohio’s Governor’s Office, JobsOhio and all federal, state and local stakeholders to ensure that project milestones are met to allow it to move forward.
  • A final investment decision has not been made.
  • If the project goes forward, PTTGC America will be a responsible, engaged and contributing member of the Belmont County community.