Saturday 24 March
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
President Rodrigo R. Duterte will no longer impose a deadline regarding the entry of the
San Miguel Corp. president and chief operating officer Ramon S. Ang was recently honored with
US President Donald Trump slapped steep trade tariffs on foreign steel and aluminum Thursday, drawing
US President Donald Trump spoke out defiantly Friday in the face of global criticism of


Trending News

Recommended on sister sites

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