Metro Alliance Holdings and Equities Corp., owned by William Gatchalian, plans a naphtha cracker facility over the next five years to make its petrochemical operations more profitable. The facility could be considered after the reopening of the mothballed polyethylene production plant in Bataan. Gatchalian has invited interested parties, including partner NPC International Inc. of Iran, to invest in a naphtha cracker facility in the Philippines.
JG Summit Holdings Corp., through petrochemical subsidiary JG Summit Petrochemicals Corp., also plans to put up its own naphtha cracker facility in Batangas. The project, which is estimated to cost US$550 million, is expected to be operational by 2008.
18-Sep-06 
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