New From PetroChem Wire . . . .

NGLs Week

NGLs Week Newsletter  

NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

For more information, click here.

For all of our products and services, click here.

PTTGC partners with Daelim on Ohio cracker

HOUSTON, January 30, 2018 (PCW) –- PTT Global Chemical has signed a heads of agreement with Korea’s Daelim Industrial ton conduct a feasibility study that includes front-end engineering and design and to secure funding for a possible petrochemical facility in Ohio.

The complex, which PTTGC announced in 2015, chose Belmont County, OH, as the site for a 1.5 million mt/yr (3.3 billion lbs/yr) and 1.1 billion lbs/yr MEG, 220 million lbs/yr ethylene oxide and 1.54 billion lbs/yr HDPE units.

PTTGC had initially entered into the venture with Japanese trading house Marubeni.

In a separate filing with the Korean securities exchange commission, Daelim said it expected the facility to go into service in 2023-24. It would also invest nearly $131 million in the project. -- Samantha Hartke

Sign Up for RSS Feed  follow us in feedly