JG Summit Petrochemical Corp. (JGSPC) is planning to launch five new petrochemical projects in Philippines. The project would require an investment of $ 700 million. The company has already received the approval of Board of Investments and has been pioneer status for a new butadiene extraction plant and an aromatics unit, which are expected to be fully operational by 2021.
JG Summit Petrochemical Group also filed applications with the BOI for the expansion of JG Summit Olefins Corp.'s existing naphtha cracker, the expansion of JGSPC's existing polypropylene plant and a new bimodal polyethylene plant. Operations are scheduled to start by 2021.
