September 2015 Archive

SOPA activities receive recognition

The Southern Ohio Port Authority (SOPA) staff and efforts were recently recognized with awards by the Ohio Economic Development Association (ODEA).

It was announced in 2014 that Rural King would be locating a distribution center and store in Waverly. To get to that point a lot of work had to be done to make the project a reality.

“Project Helicopter was the Rural King Distribution Center in Waverly. Scioto, Ross and Jackson (Counties) provided ‘mutual aid’ assurance to help land the project,” said Jason Kester, executive director of SOPA.

When the project was first announced Rural King said they would hire 160 people. According to the company, the Pike County-facility plans to service 30 of the company’s eastern-most stores in the United States. The Pike County facility is the company’s second distribution center, with the first in Mattoon, Ill.

Kester said on Tuesday Rural King’s goal is to grow the…

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Jefferson port hears of successes

STEUBENVILLE – Investors in the Jefferson County Port Authority heard success stories from Ed Rice of Signs Limited and Ed Looman of the Appalachian Partnership for Economic Growth during the Wednesday morning quarterly authority investors meeting at East Gateway Community College.

Rice told the investors he plans to build a 3,000- to 4,000-square-foot addition to his existing business in the Jefferson County Industrial Park and add one to two more employees. “The reason we have been successful is our employees. The employees have either attended local high schools or trade schools and colleges. Eastern Gateway Community College has been tremendous in offering classes for our employees. We have partnered with different local companies for different projects and have partnered with subcontractors who have gone through the IBEW training program,” said Rice.

“The supply chain in Jefferson County is excellent. We tell our customers we do the design, manufacturing, installation and service. Our…

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Thai company gets serious about possible Belmont County chemical plant

A giant Asian petrochemical company is taking the next step in a process that could lead it to build a multibillion-dollar petrochemical complex in eastern Ohio along the Ohio River.

Thailand-based PTT Global Chemical said on Thursday that it will spend $100 million on engineering work over the next nine to 12 months at the site of the proposed complex — a shuttered coal-fired power plant in Belmont County.

The company said it will decide by late 2016 or early 2017 whether to proceed with the project, which would be a boon in an area of the state where job growth has been weak in recent years.

“We have put so much time and energy in the project. … Today, I’m pleased to announce an important milestone for the project,” said Supattanapong Punmeechaow, the company’s president and CEO.

If PTT proceeds with the plant, it would mean hundreds of full-time, permanent jobs and thousands…

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ODNR Releases First Quarter Production Numbers for Oil and Gas

COLUMBUS, OH – During the first quarter of 2015, Ohio’s horizontal shale wells produced 4,401,687 barrels of oil and 183,585,256 Mcf (183 billion cubic feet) of natural gas, according to figures released today by the Ohio Department of Natural Resources (ODNR).

Oil increased by more than 842,000 barrels and gas by more than 18 billion cubic feet compared to the fourth quarter of 2014. By comparison, 418 horizontal shale wells in the first quarter of 2014 produced 1,951,641 barrels of oil and 67,329,316 Mcf (67 billion cubic feet) of natural gas.Comparatively, while the fourth quarter of 2014 saw a 25 percent increase in oil production over the third quarter, the increase was 545,000 barrels, exactly 300,000 barrels less than the first quarter of 2015 production.

The new report lists 926 wells, 877 of which reported production, resulting in a 12 percent increase in wells for the first quarter. Forty-nine wells reported no production as…

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PTTGC America Set to Invest More Than 100 Million for Eastern Ohio Site

bio_JMolinaro“We are delighted that PTT Global Chemical has committed $100 million to this next major step towards development of an ethane cracker in Appalachian Ohio.  If built, the project will provide a huge competitive advantage to polymers companies locating in Ohio and lift up the entire region’s economy.”

John Molinaro, President and CEO


Governor:JobsOhio Logos

PRESS RELEASE: September 3, 2015

Joe Andrews, Governor’s Office, (614) 644-0906, Joe.Andrews@governor.ohio.gov
Matt Englehart, JobsOhio, (614) 300-1152, Englehart@jobs-ohio.com 

PTT Global Chemical CEO Supattanapong Punmeechaaow and Lt. Gov. Mary Taylor

PTT Global Chemical CEO Supattanapong Punmeechaaow and Lt. Gov. Mary Taylor celebrate the announcement of a major project milestone at a Statehouse reception September 3rd, 2015. Photo courtesy of Governor Kasich’s Office.

COLUMBUS – Governor John R. Kasich announced today that…

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JobsOhio Grant to Fund Enviromental Cleanup at Barium & Chemicals, Inc.

PRESS RELEASE

STEUBENVILLE – Deborah A. Venci, President, Barium & Chemicals, Inc., announced today that a $450,000 grant from the JobsOhio Revitalization Program will be used to complete an environmental remediation project at its facility at 515 Kingsdale Road, Steubenville, Ohio.

The grant will help Barium & Chemicals retain 27 jobs and create five new positions.

“JobsOhio and the Appalachian Partnership for Economic Growth (“APEG”) have been tremendous to work with.  The grant is critical to our efforts to remain in operation and focus our resources towards expansion and job creation in Jefferson County.  The completion of the environmental cleanup project will also open up the portion of our facility along the Ohio River to potential use as a port, with direct access to the adjacent rail line and SR 7.”

Barium & Chemicals, Inc. is a third generation women-owned family business that has been located in Steubenville, Ohio since 1961, where it produces…

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Chillicothe setting up development deal with Green Township

Chillicothe is eyeing a tax-sharing arrangement with neighboring Green Township that development officials say would bring new revenue streams to each community and spur business investment in the area.

Setting up a Joint Economic Development District, like the one on 600 acres near Rickenbacker International Airport, could be structured to extend utilities and provide income-tax revenue to the 4,500-population Green Township, said Chris Manegold, CEO of the Economic Development Alliance of Southern Ohio.

The city of Chillicothe, 50 miles south of Columbus, would earn a source of revenue outside the city limits without annexing the land, Manegold said.

“It preempts annexation, which is always a contentious issue,” he told me. “What really brings it to the forefront is just that Chillicothe is exploding right now (with) manufacturing and health care.”

Kenworth Truck Co. and its suppliers employ thousands in the area.

No action has been taken…

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Record natural gas production set

CLAIRSVILLE – Oil is commonly known as black gold, and Rice Energy’s Gold Digger well pumped a prolific 1.55 billion cubic feet worth of natural gas from April 1 to June 30, helping Ohio establish a quarterly record for Marcellus and Utica shale yields.

Although U.S. Energy Information Administration estimates predict production from the formations to drop from August to September, the Buckeye State continued churning out more oil and natural gas earlier this year, according to official records. Shale drillers pumped about 221 Bcf during the second quarter, besting the previous quarterly high of 183.5 Bcf set from Jan. 1 to March 31. To put that in perspective, 1 Bcf is enough fuel to provide power to 24,315 homes for one year.

“You will continue to see growth out of the Utica because the capital is already deployed,” said Shawn Bennett, executive vice president of the Ohio Oil and Gas Association….

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