Ohio Governor Kasich made the announcement Monday afternoon.

Daelim Industrial, a South Korean based company, is now officially on board with PTTGC America in the efforts to bring a petrochemical plant to the Ohio Valley.

Officials said a final investment decision has not been made, but they are hoping to reach a decision, soon.

The partnership with Daelim Industrial is key in bringing thousands of potential jobs to the Ohio Valley.

Daelim boasts their state-of-the-art technology in the field of petrochemical engineering.

Governor Kasich said he is very hopeful.

“This is a home run and it’s right within our grasp. Today is a pivotal step,” Kasich said.

Officials said that since this is a large and complex project, it will take time.

They are asking the people of Belmont County to be patient, and an official announcement on whether this project will be a reality will come by the end of the year.