Last fall Mountaineer NGL Storage, a $500 million project in Monroe County, OH to build underground storage for ethane and other NGLs, asked Ohio regulators to cancel a key permit for the project (see Mountaineer Asks Ohio to Cancel NGL Storage Hub Permits). Our understanding was that until PTT Global Chemical makes a final investment decision (FID) to build an ethane cracker in nearby Belmont County, OH, Mountaineer would not be ready to proceed. The two projects will move along together. We thought Mountaineer would wait to reapply for the permit after PTT announces. PTT has not announced, yet according to statements from Mountaineer’s CEO, the company is now waiting on permits to proceed and hopes to begin construction “later this year.” Ergo they have already reapplied.
This post appeared first on Marcellus Drilling News.