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Officials celebrate continued development in Ironton

Photo from Herald-Dispatch

Photo from Herald-Dispatch

IRONTON – Months after the Holiday Inn Express and the Frisch’s Big Boy restaurant opened, local officials marked the grand opening of the Gateway Centre, a project that has provided 70 jobs to Ironton and could provide another 70 to 90 jobs during its second phase.

The $10 million project to bring the hotel and restaurant to South 9th Street has provided 70 full-time equivalent jobs, said Bill Dingus, executive director of the Lawrence Economic Development Corporation.

“We’re on the edge of having two more” businesses locating in the Gateway Centre area, which includes the former Ohio National Guard Armory and property along the north side of South 9th Street, Dingus said. “We expect to have 150 jobs here.”

The hotel and restaurant opened last year, but Tuesday was the first time all the principals could get…

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LEDC aims for global outreach

SOUTH POINT — The Lawrence Economic Development Corporation has received official certification to become an Employment Based-5 Regional Center for the counties of Lawrence, Scioto, Jackson and Gallia.

EB-5 was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. EB-5 foreign direct investors must invest in a new commercial enterprise, create or preserve at least 10 full-time jobs within two years, and invest in at least $500,000.00 in capital investments in the rural counties of Lawrence, Scioto, Jackson and Gallia. This specific regional center is focused on commercial for profit companies specializing in distribution, warehousing and logistics.

“As LEDC initiates industrial recruitment efforts on a global scale, the EB-5 Visa Program will be a powerful tool,” said Bill Dingus, executive director of the LEDC. “Statistics show a keen interest in the Asian communities for investing in U.S. communities that have an…

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Ethane Cracker Supply Chain Market Study

Executive Summary

The Ethane Cracker Supply Chain Opportunities market research study explores the potential impact on regional and future businesses of the proposed Appalachian Shale Cracker Enterprise, or ASCENT. ASCENT is a proposed ethane cracker site including the cracker, three polyethylene plants, water treatment facilities, and a gas-fired co-generation power plant to be carried out by Odebrecht, a Brazilian company, with construction slated to begin sometime in 2015.

The Mid-Ohio Valley Regional Council engaged Thomas P. Miller and Associates (TPMA), along with Camoin Associates (CA), to study the potential impacts of ASCENT. Analysis focused on two key areas:

  1. Identifying regional companies that would benefit from the proposed ethane cracker; and
  2. Identifying potential companies that may look to expand to the region in order to takeadvantage of proximity to the cracker

Key Findings

  • Opportunities through the ASCENT cracker lie primarily in the ethylene supply chain. As the key product of the cracking…
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PTT Selects Former First Energy Plant for Cracker

YOUNGSTOWN, Ohio — PTT Global Chemical has selected the former Dilles Bottom coal-fired power plant in Belmont County as the site for the $5.7 billion ethane cracker plant the company is considering whether to build in Ohio. The site was disclosed in an investor presentation that the Thai-owned company made May 15.

JobsOhio announced April 22 that PTT is considering construction of a “world-scale petrochemical complex.”

The company’s partner in the venture is Marubeni Corp., a Tokyo trading house. A third partner is being sought to assist with financing, a PTT executive said two weeks ago. In its investor presentation, PTT said it is “talking to potential lenders in Thailand and studying “funding schemes” in the United States.

PTT said the former First Energy plant sits in the center of an ethane network with nearby fractionation units that would allow the project to utilize existing pipelines, mostly less that two years old. Company…

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