Institute for Energy Economics and Financial Analysis

From his bar in Shadyside, Ohio, Matt Coffland has been counting on his town getting a new petrochemical plant since it was first planned, seven years ago. He says the southeastern part of the state has long been neglected.

"For us to get something like that, rightfully, I think we deserve it by now," he says.

The plant, to be built by Thailand-based oil and gas company PTT, would be a major construction project.

"You're talking an influx of close to 10,000 people at one point," Coffland says.

Investor Pulls Out Of Proposed Belmont County Cracker Plant

Jul 14, 2020
Brittany Patterson / Ohio Valley ReSource

Daelim Chemical USA, a major investment partner in a proposed ethane cracker plant in Belmont County, Ohio, announced on Tuesday that it is exiting the project.