McKinley: PTT Ethane Cracker Great for Appalachian Region

Newest Ethane Cracker Would Spur Jobs, Economic Development in Region

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Washington, March 12, 2018 | comments
Congressman David B. McKinley, P.E., (WV-1) applauded today’s announcement that PTT Global Chemical America has partnered with South Korean industrial plant developer Daelim, on their Belmont ethane cracker project. The construction of a second ethane cracker in the region would boost economic development, bring new jobs, and would further the development of a regional ethane storage hub, a project that McKinley has been leading in Congress.
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Congressman David B. McKinley, P.E., (WV-1) applauded today’s announcement that PTT Global Chemical America has partnered with South Korean industrial plant developer Daelim, on their Belmont ethane cracker project. The construction of a second ethane cracker in the region would boost economic development, bring new jobs, and would further the development of a regional ethane storage hub, a project that McKinley has been leading in Congress.

“This announcement from PTT is welcome news for the region. Building a second ethane cracker is a top priority as we work to create the Appalachian Ethane Storage Hub. Having this cracker in the Ohio Valley would bring jobs, downstream investment and economic development that will lift the entire region and set us on a course to become a major petrochemical and plastics industry hub,” said McKinley.

Background
The ethane cracker being planned by PTT will be the second in the Appalachian region. The first is operated by Shell in Monaca, PA. This second cracker would be a major step towards creating the Appalachian Ethane Storage Hub, a regional underground ethane storage facility that is necessary for the petrochemical and plastics industries to thrive. McKinley has been a leading advocate in Washington for the storage hub project.

In 2017, McKinley successfully passed legislation to authorize a Department of Energy and Department of Commerce study on the feasibility of establishing the storage hub. Later that year in July, McKinley led a letter to President Trump urging the Administration to put resources into the development of the regional storage hub, which is necessary take advantage of the West Virginia’s abundant supplies of liquid natural gas. That year, McKinley also hosted Department of Energy Secretary Rick Perry in Morgantown, WV to discuss the ethane storage hub project with stakeholders on the ground.

This announcement from PTT follows on the heels of China Energy Corporation (formerly Shenhua) and the State of West Virginia signing a Memorandum of Understanding (MOU) over a planned $84 billion investment in the state’s natural gas industry. McKinley has worked with China Energy Corporation’s leadership, meeting with them in Washington, Morgantown and their headquarters in China, in an effort to convince them to invest in West Virginia. McKinley also attended the signing of a previous MOU between China Energy Corporation and West Virginia University. That agreement established a partnership to research clean coal technologies.

Once completed, the Appalachian Storage Hub will create thousands of jobs, bring millions in additional investment, and grow downstream industries, lifting the entire region.
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