Philippines’ JG Summit plans to expand its petchem business
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, the Philippines’ JG Summit plans to invest $500-$600 million to expand its petrochemical business in Batangas in the next three years.
As part of its expansion plans, the company will increases its ethylene production capacity to 500,000 tons/year by 2019 on the top of its current production capacity of 320,000 tons/year. The company is also planning to construct new butadiene and aromatics plants.
JG Summit aims to reduce the Philippines’ dependence on imported chemicals through its new expansion.
As part of its expansion plans, the company will increases its ethylene production capacity to 500,000 tons/year by 2019 on the top of its current production capacity of 320,000 tons/year. The company is also planning to construct new butadiene and aromatics plants.
JG Summit aims to reduce the Philippines’ dependence on imported chemicals through its new expansion.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Middle East PP, PE outlook for 2025: A double whammy of low demand and new capacity additions
- China, SE Asia PE outlook for 2025: Oversupply dilemma deepens with new capacity surge
- Freight rates outlook for 2025: Another rocky year ahead after 2024 turmoil
- Türkiye PP, PE outlook for 2025: Q1 set for a firm footing, eyes on derivatives for a whole year
- Europe PVC outlook for 2025: Supply imbalance threatens price recovery targets
- India PP, PE outlook for 2025: Players eye brighter Q1 despite current bearishness
- Different pricing policies emerge in Europe’s PS, ABS markets in Dec
- Bearishness persists across China, SEA import PE markets as year-end nears
- PLAST EURASIA 2024: Shrinking margins emerge as a key topic among polymer players
- Lower parity, rising freight rates repel European polymer buyers from imports
