PMEC09
  • The U.S. subsidiary of PTT Global Chemical (PTTGC America) has 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’s Board of Directors has approved the execution of an agreement between PTTGCA and a subsidiary of Daelim Industrial Co., Ltd., a leading Korean construction and chemical company, to conduct a feasibility study and secure funding for the development of the complex.
  • 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 multibillion dollars in investments.
  • PTTGC America is investing $100 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.
  • Contracts have been signed by Fluor Corporation and Bechtel Enterprises Holding Inc., two world-class engineering, procurement and construction firms that will separately conduct their respective front-end engineering design work.
  • PTTGC America has exercised an option to purchase the central property where the complex would be built.
  • PTTGC America will meet the rigorous environmental standards of the Ohio Environmental Protection Agency to ensure that the facility, if built, will not have an adverse affect on the air, the water or the health of the surrounding communities.
  • PTTGC America continues to work with the Ohio’s Governor’s Office and JobsOhio through this next stage of the project 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.