In this list
Natural Gas | Petrochemicals

PTTGC America's Ohio complex on hold until new partner secured

Polymers | Petrochemicals | Energy Transition | Commodities

Recycled Plastics

Petrochemicals | Olefins | Polymers

Platts Global Polyolefins Outlook

Metals | Coronavirus | Steel

16th Steel Markets Asia Conference

Energy | Natural Gas | Oil | Petrochemicals | NGL | LPG | Refined Products | Gasoline | Naphtha | Crude Oil | Aromatics

Lightends outright prices collapse on crude oil, new COVID-19 variant

Energy | Energy Transition | Energy Oil | Refined Products | Bunker Fuel | Petrochemicals | Shipping | Marine Fuels

Methanol’s growing traction as alternative shipping fuel

PTTGC America's Ohio complex on hold until new partner secured


PTTGC continuing search for partner

Final investment decision to come once partner secured

PTTGC America's final investment decision on a new petrochemical complex in southeast Ohio remains on indefinite hold until the company secures a new partner in the project, the company said in an email Aug. 25.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"PTTGCA is currently focused on securing a partner for the project," the email said. "Once there is a partner in place, the company will be in a position to reach FID."

In July 2020, the company announced it had struck a deal with Energy Storage Ventures to develop a $250 million natural gas liquids storage and transportation facility for the proposed complex. The facility would be the first underground NGL storage site in the Marcellus and Utica shale formations.

Shortly before PTTGCA announced the storage deal, the company said that its former partner in the petrochemical complex, South Korea's Daelim, had withdrawn from the project.

Daelim had signed on to the project in February 2018, and the companies had planned a final investment decision, or FID, by the end of that year. More recently, the company had aimed FID by early 2020, but COVID-19 related delays pushed that to early 2021 and then without a new target date until a partner is secured.

According to permitting documents, PTTGC's project includes a 1.5 million mt/year cracker, two 350,000 mt/year high density polyethylene plants, a 450,000 mt/year HDPE plant and a 450,000 mt/year linear low density PE plant.