Philippines approved three petchem projects
JGSPC will be responsible for two projects, one of which is about producing butadiene and raffinate while the other is about producing benzene, toluene, mixed xylene, C8+/C9+Cut and non-aromatics, the reports revealed.
JGSOC will be responsible for the third project, which is about the expansion of its naphtha cracker. The cracker will be able to produce more Polymer Grade Ethylene, Polymer Grade Propylene, mixed C4 and Pyrolysis (Py) gas after the expansion is complete, the reports indicated.
After the first two projects are completed, the firm will reportedly produce 70,000 tons/year of butadiene, 89,000 tons/year of raffinate and 126,000 tons/year of benzene while the third project will increase the ethylene production by 160,000 tons/year, propylene production by 51,000 tons/year and mixed C4 production by 26,418 tons/year.
JGSPC currently has two PE and PP plants, which have a combined capacity of 500,000 tons/year.
The new projects are expected to be operational in 2021, after which the firm will be able to sell butadiene, benzene and other petrochemical products to China, South Korea and other Asian countries directly.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Malaysia PP exports almost triple in February
- Spot ethylene markets rally on diminishing supply in Asia, Europe
- Will European PP markets change direction after 3 months?
- Turkish PP, PE players leaving market for holiday with firm post-Eid expectations
- June PVC hikes exceed expectations in Asia, sustainability under discussion
- Import PS, ABS markets recover amid upstream gains in Egypt
- PP, PE markets on a slight uptrend in Indonesia despite Ramadan lull
- European PE hovers around 11-year low, is reversal near?
- US PVC prices bounce on heels of eased stock pressure
- China PP market volatile since its rebound in H1 April, is it the new normal?