Home / Knowledge / News / Textiles / BoI grants nod to naphtha cracker project
BoI grants nod to naphtha cracker project
Dec '10
According to Lucita Reyes, the Executive Director of Board of Investments (BoI), financial incentives have been extended by the Board to the $600 million worth naphtha cracker project of JG Summit Olefins Corp, a subsidiary of JG Summit Holdings located in the Batangas province of Philippines.

JG Summit Olefins will manufacture polymer-grade ethylene and propylene, pyrolysis gas as well as by-products like acid gas, fuel oil and fuel gas with a yearly production capacity of 925,537 metric tons.

Trade Undersecretary and Managing Head of BoI – Cristino Panlilio revealed that this naphtha cracker project is a large venture intended at replacing the import of various raw materials with that of the local production. It can now compete with China in this field.

The company will lay the foundation stone of the project in January, 2011 in Barangay Simlong, Batangas city.

The project has been postponed largely because of the recession that started in 2008. It is for the third time that it has tried to start the project after attempting twice in 2005 and 2008.

The naphtha cracker is likely to manufacture 320,000 metric tons of ethylene, 270,000 tons of pyrolysis gas and other byproducts and 190,000 tons of propylene, every year.

The annual production capacity of polypropylene and polyethylene plants of JG Summit Petrochemical is 180,000 tons and 200,000 tons, correspondingly.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Textiles | On 27th Oct 2016

Fischer Konzept installs sixth Zünd digital cutter

Fischer Konzept, German developers of individual packaging solutions...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search