PTT signs ethane supply deal with Range for Ohio petrochemical plant
Sept 23 (Reuters) - State-owned Thai oil and gas company PTT PCL said on Wednesday its U.S. unit took a step forward on its proposed chemical plant in Ohio that will turn ethane into plastics with an ethane supply agreement with Range Resources Corp.
Under the agreement, U.S. oil and gas producer Range will provide 15,000 barrels per day (bpd) of ethane as feedstock for PTT Global Chemical America's (PTTGCA) planned ethane cracker along the Ohio River in Belmont County.
PTTGCA said it will use the ethane to manufacture polyethylene, one of the key resins used to produce plastics products.
PTTGCA said the agreement with Range is predicated on its reaching a final investment decision to build the facility.
In June, PTTGCA said it delayed making a final investment decision to build the ethane cracker, which analysts estimate will cost $5.7 billion, from the first half of 2020 to the first half of 2021 due to the coronavirus.
The company has said that if it were not for the coronavirus, the plant would likely already be under construction.
The ethane cracker is designed to produce about 1.5 million metric tons of ethylene per year and will take 4-6 years to build.
In addition, to PTTGCA's project, Royal Dutch Shell PLC is building an ethane cracker nearby in western Pennsylvania.
Between mid-2019 and mid-2020, the amount of LNG terminal capacity in construction around the world more than doubled.
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GasPro 2.0: A Webcast Symposium
Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.
The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.
The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.
Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.
October 21, 2020 08:30 AM CDT