PTT Global Chemical is taking another step toward determining whether it should move forward with the proposed construction of a multibillion-dollar ethane “cracker” plant in eastern Ohio, according to The Columbus Dispatch.

At the end of January, PTT said it reached an agreement with a subsidiary of Daelim Industrial, a Korean construction and chemical company, to conduct a feasibility study and secure funding sources for the proposed plant in Belmont County.

The company said it received interest from multiple international investors. It expects to make a final decision on the project this year.

Learn more: The Columbus Dispatch > Thai company takes another step in proposed petrochemical plant