November 13, 2020 Read More →

PTT Global delays final decision on Ohio plant—again

The Columbus Dispatch:

A decision about whether a Thai-based company will proceed with a massive petrochemical plant in eastern Ohio has been delayed again, raising more doubts about whether the project will proceed.

PTT Global Chemical is conducting another feasibility study of the proposed plant in Belmont County, a review that will delay a final decision until at least the middle of 2021, the Bangkok Post reported. 

The company’s decision to review the project makes sense, said Kathy Hipple, a financial analyst with the Institute for Energy Economics and Financial Analysis, a Cleveland-based research group.

“There’s still a lot of petrochemicals on the market. And demand is uncertain, post pandemic. But the broader (issue) is that the type of plastics that they were going to make — the price has dropped a lot, since they first conceived of this project,” she said.

[Mark Williams and Beth Burger]

More: Ohio petrochemical project hits another snag; final announcement delayed to mid-2021

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