MOSCOW (MRC) -- PTT Global Chemical (PTTGC) expects to conclude a final investment decision (FID) on its proposed ethane cracker and petrochemical complex in Belmont, Ohio, in the second half of 2017, reported Apic-online.
The multi-billion dollar world-scale complex will use shale gas from the Marcellus basin and will be designed to produce 1-million t/y of ethylene, 700,000 t/y of high-density polyethylene (HDPE), 500,000 t/y of ethylene glycol and 100,000 t/y of ethylene oxide.
PTTGC, which earlier said it would make a FID by 2016 or 2017, said it needs more time to decide on the design and economic feasibility of the project, according to media reports.
The company earlier awarded Technip a contract to supply its ethylene technology and the process design package of the cracker, and selected Ineos' Innovene S process for the HDPE plant.
As MRC informed previously, in July 2015, PTTGC is establishing PTTGC America Corp. and PTTGC America LLC, both based in the US, to move forward plans for building a complex in Ohio to take advantage of low-cost ethane from shale gas. PTTGC announced plans for a joint venture with Marubeni Corp., and possibly a third partner, to build a world-scale ethane cracker in Belmont County, Ohio.
PTT Global Chemical is a leading player in the petrochemical industry and owns several petrochemical facilities with a combined capacity of 8.45 million tonnes a year.
MRC