PHILIPPINES: JG Summit starts olefin production

The cracker is designed to produce 320,000 t/y of ethylene and 190,000 t/y of propylene. The facility, using imported naphtha feedstock, is now operating at about 70 % to 80 % of capacity, according to local press reports.

This USD 800-million project was first registered with the Philippines Board of Investments (BoI) in 2005, but was delayed because of the 2008 financial crisis.

BoI has granted the project certain incentives, including a six-year income tax holiday, duty-free imports of equipment and a 15 % tariff on competing imports.

Source: Weekly "PetroChemical News", Durham, NC, USA; 16 June 2014
(Syed Rashid Ali, Karachi, Pakistan)