JG Summit sought fiscal incentives from the Board of Investments

15-Dec-10
JG Summit Olefins Corp. has sought fiscal incentives from the Board of Investments for its US$600 mln naphtha cracker project in Batangas. JG Summit Holdings Inc’s subsidiary has asked for a pioneer status as a new producer of polymer-grade ethylene and propylene, pyrolysis gas and by-products such as fuel gas, fuel oil and acid gas, at an annual capacity of 925,537 metric tons. This naphtha cracker project is being viewed as a big import substitute undertaking. This application is under review by the Board.
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