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PTT US subsidiary looking for partner for Ohio ethane to plastics plant

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Hydrocarbon Engineering,

As reported by Reuters, a US subsidiary of state-owned Thai oil and gas company PTT PCL has said that it is focused on finding a partner for its proposed petrochemical plant in Ohio that will turn ethane into plastics.

“The focus of the project is finding a partner. There are very substantive conversations going on with a number of companies that the project team feels good about,” said Dan Williamson, a spokesman for the project.

He said he could not share the names of those companies at this time.

Williamson also said the team was in the process of meeting with members of President Joe Biden’s administration to brief them on the benefits of the project, which will cost an estimated US$10 billion to build and create hundreds of full-time jobs and thousands of construction jobs.

He also noted that renewables would be part of the project.

Last summer, PTT’s PTT Global Chemical America (PTTGCA) subsidiary delayed making a final investment decision to build the ethane cracker from the first half of 2020 to the first half of 2021 due to the COVID-19 pandemic.

Williamson said the company still hopes to make a final investment decision during the first half of 2021 but noted that time frame is a “reasonable hope” and not a “set in stone” prediction.

If it were not for the pandemic, the company has said the plant would likely already be under construction.

The ethane cracker is designed to produce about 1.5 million tpy of ethylene and will take 4 – 6 years to build.

In addition to PTTGCA’s project, Shell is building an ethane cracker nearby in western Pennsylvania that is expected to enter service in the early 2020s.

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