NIPC to acquire 60% share in Philippines Bataan Polyethylene Corporation

08-Oct-07
Iran's National Iranian Petrochemical Company (NIPC) has acquired 60% of Philippines Bataan Polyethylene Corporation (BPC). NIPC will produce 100,000 tons of polyethylene in the first phase of its joint venture and cooperation in Bataan petrochemical site. NIPC will produce six million tons of ethylene, three million tons of polymer, three million tons of ethylene glycol, 5.5 million tons of methanol and 900,000 tons of polypropylene.
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