Balderson: Petrochemical Plant to Create Jobs

Balderson: Petrochemical Plant to Create Jobs

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. Kasich on Monday called the partnership between Seoul-based Daelim Industrial and PTT Globel Chemical "a game changer for the proposed ethane "cracker" in eastern Ohio's Belmont County".

"It's great to see these two world-class companies coming together to develop an exciting 21st century industry that will dramatically transform Ohio", Kasich said.

After Gov. John Kasich disputed OH job-creation numbers reported by The Dispatch last week, a state official said Monday that the data originally provided to the newspaper by the Kasich administration were incorrect. While a final investment decision is not expected until later this year, Kim said, "we plan to build a very sustainable business here". JobsOhio has provided $19 million to the project.

Monday, Daelim Petrochemical Division CEO Sean Sang Woo Kim said the Dilles Bottom site offers many advantages, such as proximity to plastics markets in the northeast. While they wait, Dutton said county leaders are making efforts to prepare the local workforce. "We will go through an assessment process to determine if there are any violations", Butler said. 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.

Kasich said President Donald Trump's tariffs on foreign steel and aluminum would likely increase the cost of the Belmont County project, but said he did not believe this would deter investors. This parcel was about one-third of the area needed for the project.

The announcement came just weeks after a subsidiary of PTTGC, the petrochemical affiliate of Thailand's state-owned oil and gas company PTT pcl, said it would team up with Daelim to conduct a feasibility study and secure funding for the planned multi-billion dollar facility. Monday, officials said they had exercised an option to purchase the Ohio-West Virginia Excavating property.

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