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…
FWD:Energy Inc., Zanesville, Ohio, has been awarded a research subsidy of $250,000 from the U.S. Department of Energy (DOE) for use at federal laboratories to advance its technology to turn scrap tires into a key ingredient for lithium-ion batteries called Green Battery Carbon.
The awarded funds are provided through the DOE’s Small Business Vouchers Pilot (SBV), a recently introduced initiative of the department’s Office of Energy Efficiency and Renewable Energy that helps small U.S. companies bring their innovations to market by pairing them with participating DOE national labs.
“We have a special opportunity to work with the finest researchers in the world to advance our process and outputs for use in batteries and energy storage applications,” FWD:Energy CEO Richard Sloan said. “We get access to expertise and equipment that a small company like FWD:Energy would otherwise never be able to afford.”
FWD:Energy has already developed a clean, sustainable patent-pending system to turn large…