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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