December 2016 Archive

Looking Ahead

From an economic development perspective, the recent election of Donald Trump

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JobsOhio invests in prep work for proposed Belmont County ‘cracker’ plant

The Columbus Dispatch

An Asian petrochemical company likely won’t decide for many months on whether to proceed with plan for a major ethane “cracker” project in eastern Ohio, but Ohio economic-development officials have taken steps to keep plans for that plant on track.

JobsOhio disclosed Tuesday that it has spent $14 million to reimburse some of the costs of cleaning up and preparing the Belmont County site for the potential project.

A clear site was requested by PTT Global Chemical of Thailand, a business that is exploring the feasibility of building a plant there.

“This was really critical for the timeline,” said David Mustine, senior adviser for JobsOhio.

The location, near the village of Shadyside, was home to FirstEnergy’s R.E. Burger power plant, which has been closed since 2011. FirstEnergy supervised the demolition of the plant and the cleanup of the site this year, working on an expedited schedule.

FirstEnergy paid for the work, and now JobsOhio is reimbursing…

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