JG Summit plans expansion: to double PE capacity

01-Jun-05

At present, Philippines is the only major Asean country still without a naphtha cracker. A naphtha cracker planned by JG Summit Petrochemical Corporation (JGSPC) is scheduled to be on stream by November 2008. Currently, JGSPC is the country's largest integrated PE and PP manufacturer. JGSPC has plans to double its polyethylene production capacity to 350,000 metric tpa to absorb the output of its naphtha cracker project. US-based Univation has conducted a study for the expansion, while Deutsche Bank is to be the financial arranger for the project. The polyethylene expansion is expected to be complete in September 2008- two months ahead of the naphtha cracker. The investment outlay will total US$450 million and will complete the full integration of the local petrochemical industry.