Proposed Eastern Ohio Petrochemical Plant Adds South Korean Partner

Lester Mason
March 13, 2018

He said PTT and Daelim are being "diligent and thorough" in their research about the development. That would put the facility in line to produce the same amount of ethylene as Royal Dutch Shell plc's ethane cracker, which is under construction in western Pennsylvania.

An environmental group is challenging Ohio Gov. John Kasich's (KAY'-siks) promotion of a multi-million dollar petrochemical plant in eastern Ohio's Belmont County. The proposed plant has languished in the planning stages for years.

Environmental advocates have always been concerned because they say the project would produce more methane gas and could possibly contaminate groundwater. Last year, the company exercised its purchase option on a 167-acre site that was owned by FirstEnergy Corp., which formerly operated a coal-fired power plant there.

Sean Sang Woo Kim, left, CEO of Daelim Industrial Co.'s petrochemical division based in South Korea, shakes hands with Kongkrapan Intarajang, chief operating officer of Thailand-based PTT Global Chemical, as a partnership between the companies is announced.

A petrochemical company from Thailand that has already invested $100 million in a facility in eastern OH is considering making an even bigger investment.

The agreement to partner with PTTGC was signed in January.

Officials said a final investment decision has not been made, but they are hoping to reach a decision, soon.

After Gov. John Kasich disputed OH job-creation numbers reported by The Dispatch last week, a state official said Monday that the data originally provided to the newspaper by the Kasich administration were incorrect.

Thomas said everyone in the local region has cause for optimism following Monday's announcement.

Dutton added that even if PTT and Daelim make the decision to move forward with construction, the timeline for the project is a long one. "That's important because it means there's going to be greater investment in this project, in this site; it'll mean more jobs, and it'll ultimately have a greater impact on the region as a whole". The company has also completed a significant amount of site preparation.

Other reports by Iphone Fresh

Discuss This Article