PTTGCA plans to proceed on its Ohio petrochemical project without Daelim Chemical as a partner.
PTTGA of Thailand recently stated that its often delayed ethane cracker project in Ohio will go ahead, despite the exit of partner Daelim Chemical. This decision by Daelim to leave is likely due to the continuing impact felt from the COVID-19 pandemic.
PTTGC does not plan on proceeding on its own in this, as PTTGC America President and CEO Toasaporn Boonyapipat said that “The Ohio petrochemical facility continues to be a top priority for PTTGC America. We are in the process of seeking a new partner whilst working toward a final investment decision.” The company is striving for an announcement by the end of this year or early in 2021 with a possible estimate of approximately $5 to 6 billion USD.
This project was proposed in 2015 by PTTGCA to be a 1.5 million ton per year ethane cracker and petrochemical complex to be set along the Ohio River in Belmont County, Ohio. This latest delay is likely to bump project completion into the 2027-2028 timeframe.
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Boxscore Construction Analysis:
Business Trends: Asia and Europe join the feedstock evolution with steam crackers
From the April 2018 issue of Hydrocarbon Processing