One stretch of property not yet under PTT's control is in Dilles Bottom, where 10 property owners are being represented by attorney Jonathan Turak who said Monday his clients are still waiting to hear from developers with what he terms an "appropriate price" for their land.
According to the permit Royal Dutch Shell filed with the Pennsylvania Department of Environmental Protection a few years ago for its ethane cracker north of Pittsburgh, air pollutants likely associated with an ethane cracker include nitrogen oxides (NOx), carbon monoxide, sulfur oxides, volatile organic compounds, ammonia, carbon dioxide equivalents, xylene and benzene.
Gov. John Kasich said a pair of global energy firms now control about 500 acres of property needed to build the planned Belmont County ethane cracker, a project he said could now cost up to $10 billion. He said officials are still working to determine what went wrong at the XTO Energy Schnegg well near Powhatan Point, an operation that leaked methane into the atmosphere for almost three weeks. The proposed plant has languished in the planning stages for years. 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.
Republican Gov. John Kasich (KAY'-sik) says a major South Korean industrial plant builder has joined Ohio's effort to build a multi-billion dollar petrochemical plant.
PTT says it's invested about $100 million so far on engineering and design. The petrochemical division operates 1.95 mty of ethylene production capacity. "Building this massive ethane cracker plant here will be a game-changer, not only for Eastern Ohio, but for the entire state, as it will create so many new opportunities for economic development". Cera, D-Bellaire, said he hopes the new partnership and additional investment will "close that circle" of debate about the project and create some forward momentum.
"This partnership is important for a number of reasons", Minor said. "One, this adds a second world-class company to this project.With the addition of Daelim, the production, the output from this plant will almost double".
PTTGC has secured commercial arrangements with producers for feedstock as well as those for utility supplies, product marketing and logistics. The company has also completed a significant amount of site preparation.