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The Independent UK
The Independent UK
National
Via AP news wire

Firm pays back $20M, insists petrochemical project viable

Jon Husted Ohio Thailand
Copyright 2019 The Associated Press. All rights reserved

The U.S. subsidiary of Thailand-based petrochemical giant PTT Global Chemical has repaid Ohio's private economic development office $20 million after it failed to make an investment decision in 2020 on a proposed petrochemical plant in the state.

Spokespersons for both PTT Global Chemical America and JobsOhio said this week the company remains committed to building the multi-billion dollar project in southeast Ohio's Belmont County as PTTGCA continues searching for an investment partner.

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