Ptt global chemical public company limited, or gc, is ptt groups petrochemical flagship. Ptt global chemical public company limited company profile. Ptt has been working on the project for years, and enlisted another company, south koreabased daelin, to help. Ptt global lets contract for ohio ethylene cracker. Refinery, aromatics, olefins and derivatives, green chemicals, performance materials and chemicals, service and others, and investments in other joint ventures and associates. Pttgc, daelim to conduct feasibility study on planned us cracker. Ptt global chemical public company limited gc is a subsidiary of ptt public company. Ptt global chemical taps bechtel for possible utica shale ethane. Ptt, daelim sign ohio cracker agreement kallanish energy news. Byproducts are mixed cellulose grade four c4, pyrolysis gasoline, cracker bottom and tail gas, refining and provision of integrated petroleum products, and production. With more than 4,000 employees around the globe, our vision is to be a leading chemical company for better living, helping to create a better quality of life through our products and production processes. Supporters had hoped ptt global chemical america would make the final investment decision for the cracker. Tax agreements signed for proposed ohio ethane cracker.
Ptt global chemical america is a subsidiary of ptt global chemical, thailands largest integrated petrochemical company. Ptt global chemical pttgc, scg chemicals scgch, and integrated refining and petrochemical complex irpc table 1. Feb 04, 2020 stock analysis for ptt global chemical pcl pttgc. Bangkok including stock price, stock chart, company news, key statistics, fundamentals and company profile.
Columbus residents concerned about a proposed ethane cracker plant in belmont county have met with state officials. Supattanapong punmeechaow, president and ceo of ptt global chemical public company limited, announced the companys operating results for q32017, with a. First, it was revealed that three local government entities will be receiving enormous amounts of revenue from ptt global chemical america and daelim chemical usa. Ptt has been thailands key national enterprise, and it became a publicly owned company in 2001. About gc ptt global chemical public company limited. Preparation for potential ptt global chemical cracker.
Pttgc america llc pttgca, a subsidiary of ptt global chemical pttgc, thailands integrated petrochemical and refining company, has let a contract to technip sa, paris, to provide technology licensing and the process design package for the companys proposed petrochemical complex in belmont county, ohio. Pttgc, daelim to conduct feasibility study on planned us. Ptt global chemical also produces chemicals used to make adhesives, paint, rubber, and solvents and is thailands largest producer of olefins. Ptt global chemical pttgc is thailands largest and asias leading integrated petrochemical and refining company. Supattanapong punmeechaow, president and ceo of ptt global chemical thailands largest petrochemical company signed a memorandum of understanding mou with jobsohio regarding ptts proposed ethane cracker plant. Ptts big announcement gets a new partner for belmont cracker. Ptt global chemical, marubeni choose us cracker site.
Ptt global chemical pttgc is thailand s largest and asias leading integrated petrochemical and refining company. The final investment decision is expected to be made by the end of 2018. Ptt chemical was formed in 2005 when oil and gas company ptt acquired. Ptt global chemical america and daelim chemical are expected this year to make a final investment decision on a proposed cracker project in belmont county, ohio. The initial plan had called for that decision to be made in late 2017. Vencorex is a joint venture between ptt global chemical and the perstorp group, created in 2012, based in frances rhonealpes region. Companies would invest millions into education if cracker plant is. Oct 04, 2017 october 4, 2017 belmont county, energy services, ethane, industrywide issues, ohio, processing plants, ptt global on monday, mr. Ptt global chemical public company limited produces and distributes ethylene, propylene polyethylene, and biochemical products.
The thaibased ptt global chemicals has been in the initial stages of a petrochemical plant on the banks of the ohio river, about 60 miles south of pittsburgh, in belmont county, ohio. Thailandbased developer ptt global chemical america has reached a settlement agreement. Belmont county ethane cracker plant from ptt global. It was founded on 19 october 2011 through the amalgamation of ptt chemical public company limited and ptt aromatics and refining public company limited to be the chemical flagship of ptt group. Ptt global chemical america and daelim industrial corp.
Ptt global, daelim laying groundwork for ohio cracker. Thai ptt gc and marubeni study us shale gas ethane cracker. The company will be investing millions of dollars into mead twp. See the work at the belmont county ethane cracker site. Ptt global chemical gc is committed to being a model of sustainable development, focusing on social responsibility and engaging our stakeholders in our operations framework. Pttgc america llc is a petro chemical company established in 2015. Premium heavy construction company fluor corporation flr has been selected by ptt global chemical. Pttgc and irpc are ptt group subsidiaries, and scgch is subsidiary of siam cement group scg. Bechtel wins contract for ptt global cracker project management. Fluor flr to provide epcm services to pttgc petrocomplex. The crude refining unit is a complex refinery with hydrocracker and visbreaker units. Belmont county ethane cracker plant from ptt global chemical.
Cracker plant progress slow but steady news, sports, jobs. In 2011 ptt chemical merged with ptt aromatics and refining to form integrated petrochemical and refining company ptt global chemical. Ptt global chemical to join hand with pt pertamina persero for joint development of world capacity petrochemical complex in indonesia 21. The cracker would be located on the site of an old coalfired power plant that has been razed. Mar 25, 2020 plan for ethane cracker plant in us takes a step forward by mark gillispie march 25, 2020 gmt cleveland ap a partnership of two asiabased companies proposing to build an ethane cracker plant along the ohio river announced wednesday it had reached economic development agreements that would pay a school district and a township. Ptt global chemical pttgc is establishing pttgc america corp. Ptt globals us subsidiary, pttgc america, is using the site of a. Ptt global lets contract for ohio ethylene cracker oil.
It is a subsidiary of ptt global chemical public company limited ptt global chemical public company limited was founded on. May 15, 2019 ptt global chemical plc engages in the production and distribution of ethylene, propylene polyethylene and biochemical products. Region receives some good news news, sports, jobs the. Cracker plant progress slow but steady news, sports. Hopes high for cracker plant news, sports, jobs the. Plan for ethane cracker plant in us takes a step forward. Jun 20, 2019 bechtel wins contract for ptt global cracker project management. Ptt global chemical announces net profit of almost 10.
The company maintains a comprehensive group of policies and guidelines covering the economy, society, and the environment to guide all gc employees. Ptt global chemical, marubeni choose us cracker site ptt global chemical, thailands stateowned chemical company, and marubeni corp. Fid for ohio ethane cracker likely in mid2020 kallanish energy. Ptt chemical was formed in 2005 when oil and gas company ptt acquired national petrochemical public co. Singapore icisptt global chemical pttgc and south korean construction and chemical company daelim industrial co will conduct a feasibility study on the thai firms planned cracker in. Ptt global chemical has selected a site in belmont county, ohio, for the possible construction of a worldscale petrochemical complex. Singapore icisptt global chemical pttgc and south korean construction and chemical company daelim industrial co will conduct a feasibility study on the thai firms planned cracker in the us. We are committed to strengthening our leading position in the chemicals business by combining environmentallyfriendly innovations with advanced technologies to develop products to improve peoples lives. Feb 07, 2020 companies expect to announce this summer if they are moving forward with the plant. Ptt global chemical plc engages in the production and distribution of ethylene, propylene polyethylene and biochemical products.
Ptt global chemical public company limited is a thailandbased company engaged in the production and distribution of ethylene, propylene, polyethylene and biochemical products. Hopes high for cracker plant after wednesday news, sports. Thailandbased developer ptt global chemical america has reached a. According to a statement from ptt global chemical america and daelim chemical usa, if the two companies go forward with a worldscale petrochemical complex in the ohio valley, significant revenue. Ptt global chemical public company limited pttgc consists of seven business groups which are group performance center refinery and shared facilities, group performance center aromatics, group performance center olefins, polymers business unit, eobased performance business unit, green chemicals business unit, and high volume specialties business unit. Bechtel wins contract for ptt global cracker project.
Thailand national chemical group ptt global chemical plc pttgc and its partner, the japanese trading company marubeni corporation marubeni are concentrating their investigation on the three states, pennsylvania, west virginia and ohio, covering the giant marcellus basin to find the best location to build a worldscale ethane cracker to be. Singapore icis ptt global chemical pttgc and south korean construction and chemical company daelim industrial co will conduct a feasibility study on the thai firms planned cracker in the us. Community leaders on both sides of the ohio river want to ensure the local region is prepared if an ethane cracker plant proposed for belmont county becomes a reality. A petrochemical and refining company named ptt global chemical has proposed to build an ethane chemical cracker plant in dilles bottom, oh about 5 miles south of shadyside, oh and directly west across the ohio river from moundsville, wv.