South Korean company signs on as partner in Ohio ethane ‘cracker’ plant

South Korea-based Daelim Industrial Co. Ltd. has joined an effort to bring a $5 billion ethane “cracker” plant to Belmont County, Ohio, potentially making the project even bigger than had been proposed, reports Columbus Business First. The newspaper says Thailand-based PTT Global Chemical Public Company Ltd., the developer of the proposed cracker complex, announced March 12 that it has added Daelim Industrial as a partner on project. The companies are considering a plant that could produce 1.5 million metric tons of product a year -- 50% more than was originally anticipated -- resulting in a bigger capital investment and more jobs, according to Business First. For more, read the full story.

Global, Ohio