Monday 16 July
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.

Tags: , , , ,

Related Stories
A US hedge fund is demanding almost $800 million from South Korea at an international
The United States launched what China called the "largest trade war in economic history" between
The warmer ties with Beijing will be paying off soon enough.
Department of Finance (DOF) Secretary Carlos “Sonny” Dominguez III called the $172.64 million loan given


Trending News

Recommended on sister sites

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