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PTT Global Chemical buys more land for Belmont County ethane cracker

By CASEY JUNKINS

The Intelligencer and Wheeling News-Register

DILLES BOTTOM, Ohio — PTT Global Chemical officially controls about 500 acres for building the Belmont County ethane cracker, as a deed filed this week shows the Thailand-based firm paid about $17.5 million to acquire the Ohio-West Virginia Excavating property.

Last summer, the company paid more than $13 million to purchase the former R.E. Burger power plant property from FirstEnergy Corp. The $30.5 million in land deals are in addition to the $150 million officials said they spent so far on engineering and design work for the proposed petrochemical plant.

Still, the $180.5 million seems somewhat minuscule compared to the potential overall price tag, which officials said could now go as high as $10 billion.

Read the entire article: http://www.theintelligencer.net/news/top-headlines/2018/05/more-land-bought-for-belmont-county-ethane-cracker/

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