Latest News, WVPA Sharing

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/

See more from The Intelligencer and Wheeling News Register

Comments are closed.

Subscribe to Our Newsletter

Subscribe to Our Newsletter

And get our latest content in your inbox

Invalid email address