Belmont County Ohio to get Cracker ???????

This was a news item on Channel 9 from Steubenville.  I had read an article about a year ago that this Thailand Company wanted to built a cracker.   And here is a lol big time the very first time I saw a reference to this company was in a slide of one of Magnum Hunter's presentations.                                                                                

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Permalink Reply by searcherone on April 21, 2015 at 5:36pm

This is the beginning of the article that appeared on Monday in Columbus Business First

Permalink Reply by Dan on April 21, 2015 at 10:43pm
I'd bet $50 if this gets built, I68 will finally get completed to the river.
Permalink Reply by searcherone on April 22, 2015 at 12:27am

And this was published yesterday on the Akron Beacon Journal Shale blog;  looks as if Ohio is trying to get their ducks in a row;   and  the man being appointed is actually from South East Ohio, not Columbus, Cleveland or Cincinnati.

Permalink Reply by Olive Sue on April 22, 2015 at 2:42am

Someone not from the three CCC's is certainly welcome!!!  I now wonder about the large acreage above Clarington that recently sold, any info?

Permalink Reply by Philip Brutz on April 22, 2015 at 3:18am

Permalink Reply by M.A.B. on April 22, 2015 at 3:52am

how would/could building this cracker plant affect the proposed plant for western pa?

Permalink Reply by Philip Brutz on April 22, 2015 at 7:44am

Belmont County named site for possible multibillion-dollar plant

'Cracker' plant would be Thai-Japanese venture; final decision expected in 2016

By Dan GearinoThe Columbus Dispatch  •  Wednesday April 22, 2015 1:55 PM

An energy company from Thailand said today that it is considering building an ethane cracker in Belmont County, a project that could lead to billions of dollars worth of investment. 

“We are one step closer to landing a new, multibillion-dollar investment in eastern Ohio, and that’s exciting news for our state, the region and Belmont County,” said Gov. John Kasich, in a statement, “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.” 

PTT Global Chemical of Thailand, a giant chemical and fuel refining company, is working with Marubeni Corp. of Japan on the plans. The partners will spend the next 12 to 16 months working on engineering plans and obtaining permits.

Previous coverage: New shale projects worth $3.5 billion planned in Ohio | Proposed W.... |Counties reap shale sales, but job growth still lags | Shell opts not to put plant in Ohio

The companies likely would decide in 2016 whether to move forward with the project, according to the governor’s office. After that, it would take three to four years to build. 

“While we have not yet made final decisions on this investment, we will continue to work with Gov. Kasich, JobsOhio and all of the local partners in an effort to make our vision a reality,” said Kongkrapan Intarajang, executive vice president of international business relations for PTT Global, in a statement. 

This is the most recent of several cracker plants proposed by various companies in Ohio, West Virginia and Pennsylvania. Some of the others were greeted with fanfare and then ran into problems. 

Today’s announcement is notable because of the involvement of the state government, which implies that the project may be more viable than some others. 

A cracker plant would take ethane – a component of natural gas -- and break it down into a substance that can be used to make chemicals and plastic. 

The plant would use its proximity to the Utica and Marcellus shale formations for an inexpensive supply of gas, which would likely translate to lower costs for companies that use ethane. 

Economic development leaders have sought a cracker plant in Ohio because of the scale of the investment and the likelihood that a plant would attract chemical companies and others to locate nearby. 

dgearino@dispatch.com 

@DanGearino

Permalink Reply by Philip Brutz on April 22, 2015 at 11:19am

Commissioners announce plans for ethane cracker plant in Belmont County

Updated: Wednesday, April 22 2015, 05:13 PM EDT

BELMONT COUNTY, Ohio – An announcement that a deal for a multi-billion dollar ethane cracker plant is one step away from becoming a reality, Belmont County officials announced Wednesday.
Much of what we learned over the course of the past 72 hours was confirmed, but there was a tempered excitement because there is still one hurdle left before construction can start in Dilles Bottom.
“A project of this magnitude will lead to significant job creation and investment here in Belmont County, and quite frankly, that will resonate throughout the entire Ohio Valley,” Belmont County Commissioner Mark Thomas said.
That’s another step in the right direction and just one left to get an ethane cracker.
“As we make this decision today, we want to make sure that everyone understands that a final investment decision has not fully been made," Thomas said.
That decision is expected in 2016. Regardless, work is being done by the two companies involved – PTT Global Chemical and Marubeni.
"What we are hearing is 12-18 months for the design phase and working with ODOT for the traffic concerns at 7 and 470," Commissioner Ginny Favede said.
Officials say $150 million is dedicated to the engineering design review process of the R. E. Burger plant and the area south in the Dilles Bottom-Shadyside area.
“Very blessed as a county commissioner,” Matt Coffland said. “That's my home township where I served 20 years; it’s also my home school where I graduated from. It's very nice to be able to give back from where once I came.”
The numbers are still under lock and key, but our sources put the total investment at $5.5 billion, permanent jobs at 1,000 and construction jobs at 10,000 seemed to be on the right track.
"You're in the right direction,” Coffland said.

http://www.wtov9.com/shared/news/features/belmont-county/stories/wt...

 

Permalink Reply by searcherone on April 23, 2015 at 1:27am

This is from today's  4/23/15 front page of the Marietta Times which says the Wood Co. WV cracker continues to be evaluated;  there is not a definite yes or no at this time.

Permalink Reply by searcherone on April 23, 2015 at 1:41am

And this link goes to article saying small cracker in Monroe County. Ohio is going forward.   Article was published yesterday 4/22/15.

http://www.bizjournals.com/columbus/blog/ohio-energy-inc/2015/04/de...

essentially this one is waiting on an environmental go ahead

Permalink Reply by searcherone on May 21, 2015 at 11:50am

I was unaware that PPT is a company owned by the State (country) of Thailand.   Interesting that this project will involve three companies which actually IMO make it more viable to actually be built.

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