Monday 22 October
Powered by Ajaxy
Nov 5, 2017 @ 22:30

JG Summit taps South Korean firm for $197M petrochemical plant project


South Korea‘s POSCO Engineering & Construction Co. has bagged a $197 million contract to build a petrochemical facility for JG Summit Olefins Corp.

The deal involves the expansion of a naphtha cracking facility and the establishment of a new hydrogen process plant for pyrolysis gasoline.

POSCO said the engineering, procurement and construction contract will increase JG Summit Olefin’s naphtha cracking capacity from the current 320,000 tons annually to 474,000 tons,.

Construction of the new facilities is targeted to be completed by 2020.

The facility, once completed, will have the single largest naphtha cracking facility in the Philippines.

Please follow and like us:

Tags: , , , ,

Related Stories
A consortium led by a prominent Seoul plastic surgeon purchased a controlling stake in South
America's ports are fearful that they will be big losers as the escalating trade fight
Leading Filipino-owned remittance firm I-Remit Inc. reported a 12 percent rise in inward remittance in
The heir to the Samsung empire and the leaders of several other South Korean conglomerates


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.