HOUSTON (ICIS)--PPT Global Chemical America (PTTGCA), one of the two developers of a proposed 1.5m tonne/year ethane cracker in Belmont, Ohio, has received $20m from JobsOhio, the private nonprofit corporation confirmed on Monday.
Project spokesman Dan Williamson said a final investment decision (FID) would be reached in the first half of 2020.
The $20m revitalisation grant will go directly to Bechtel Corp, which received the project’s engineering, procurement and construction (EPC) contract in July, said JobsOhio spokesman Matt Englehart.
“If it is a positive FID, construction would begin soon and would take approximately four or five years,” said Williamson.
Previously, JobsOhio gave partners PTTGCA and Daelim Industrial a $30m grant for the proposed petchem project.
“The $30M from July was used for site preparation,” said Williamson. “This newer grant will be used for site engineering and preparation.”
The multi billion-dollar ethane cracker is eagerly awaited by the economically struggling Appalachian region of Ohio’s Belmont County.
“The complex would directly create thousands of construction jobs and hundreds of permanent jobs,” said Williamson. “We do not have an estimate of the indirect jobs, though we believe it would be significant.”
“JobsOhio’s assistance facilitates the efforts of PTTGCA and Daelim Chemical USA to move forward on critical site-related engineering and site preparation work in a comprehensive and timely manner,” said Englehart.
The plant would crack ethane molecules, a byproduct of natural gas, into ethylene. It would also have 1.6m tonne/year of downstream capacity, including high density polyethylene (HDPE), linear low-density PE (LLDPE) and metallocene linear low-density PE (mLLDPE).
The ethane would be supplied by Marcellus and Utica in the northeastern US.
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