A Naphtha cracker planned by a JG Summit Holdings, Inc. will be commissioned in mid-2013. Good speed of construction activities is leading the project to come on stream earlier than planned. Officials had earlier pegged operations to start by the latter part of 2013 while JG Summit Olefins Corp. had promised a 2014 due date to the Board of Investments (BoI) which granted tax perks to the project.
Construction of the country’s first naphtha cracker to be located in Barangay Simlong, Batangas City was started in early 2011. Upon completion, the plant will produce 925,537 tons of polymer-grade ethylene and propylene, pyrolysis gas and other byproducts annually according to earlier reports.