Thai company: Aggressive incentive package sealed deal for Ohio ‘cracker’

Columbus Business First reports that the Thai company behind a proposed $5.7 billion ethane “cracker” plant in Belmont County, Ohio says state officials offered an “aggressive incentive package” to land the project. According to the newspaper, PTT Global Chemical Public Company Ltd. said JobsOhio offered job-creation tax credits, work-force training grants, local tax credits and infrastructure improvement grants. In April, PTT and its partner, Marubeni Corp. of Japan, confirmed they have selected a site in Belmont County for the cracker project instead of West Virginia or Pennsylvania. (See our April 23 blog, “Thai company looks at building ‘cracker' facility in eastern Ohio.”) For more, read the full Business First story.