Enviros Warn Of Safety Dangers From Planned Belmont County Petrochemical Plant

Enviros Warn Of Safety Dangers From Planned Belmont County Petrochemical Plant”

Daelim Industrial is the parent of Daelim Group, a conglomerate that oversees 12 affiliate companies that develop and construct petrochemical facilities, power plants, commercial properties, sports facilities and resorts, among other things.

Gov. John Kasich and JobsOhio's John Minor joined PTT Global Chemical and Daelim representatives in officially announcing that the two firms are now partners in the venture - a development The Intelligencer reported earlier this year. Now the state auditor wants to check into the state's public private jobs creating entity.

Gov. John Kasich (KAY-sik) says a proposed multi-billion dollar petrochemical plant in eastern Ohio's Belmont County has a major new worldwide partner.

JobsOhio, Ohio's privatized economic development office, has provided $19 million to the project. The partnership means that the potential investment could double as well, growing from the initial estimate of $5 billion to as much as $10 billion.

Ohio Governor Kasich made the announcement Monday afternoon. He said the project enjoys many "strategic advantages", including proximity to market and low-priced feedstock. While they wait, Dutton said county leaders are making efforts to prepare the local workforce.

Kasich emphasized the overall advantages of the Belmont County site, which lies right in the heart of the massive Marcellus and Utica shale play.

"If you're going to crack gas, you've got to have gas", he said. "Today is a pivotal step", Kasich said.

"We hope to have Daelim and PTT reach a final investment decision later this year", Minor added.

"It's a great day for Belmont County, the state of Ohio and the entire Ohio Valley", Thomas said.

In June, PTT paid $13 million to acquire the former R.E. Burger plant site from FirstEnergy Corp.

The announcement came just weeks after a subsidiary of PTTGC, the petrochemical affiliate of Thailand's state-owned oil and gas company PTT pcl, said it would team up with Daelim to conduct a feasibility study and secure funding for the planned multi-billion dollar facility. Shell is in the process of building a plant near Monaca in Beaver County, Pa.

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