BANGKOK -- Thailand's PTT Global Chemical, the petrochemical arm of state-owned oil and gas company PTT, has found a South Korean partner to help advance its $5.7 billion petrochemical complex project in the U.S. state of Ohio.
Wholly-owned subsidiary PTTGC America signed an agreement on Monday with Daelim Industrial, a South Korean construction and petrochemical company, to conduct a feasibility study by 2019 for the ethane cracker project, to include front-end engineering and design and securement of funding, followed by a final investment decision. Construction is expected to take four years.
