Jgsoc was an expansion of its naphtha cracker that will produce additional polymer grade ethylene, polymer grade propylene, mixed c4 and pyrolysis py gas with a project cost of p8. The utilities and offsites project will therefore provide new and expanded utility. In 2003, riofil corporation became a subsidiary of jfe steel group, a. Since then, jg summit has pioneered breakthroughs, broadened its enterprise, and stayed at the forefront in every phase of the countrys rise to development. Net income attributable to equity holders of the parent declined 40. Jg summit olefins corporation jgsoc operates the first and only naphtha cracker plant in the country, which produces the olefin raw materials ethylene and. Jg summit petrochemical corp company profile and news. The combination of gtbtx and gtdwc will be designed to process jg summits expanded pygas capacity to produce around 170 000 tpy of btx benzenetoluenexylenes. Market share of approximately 52%, 24%, and 29% of the domestic market including imports in olefin, polyethylene, and polypropylene, respectively. Philippines jg summit petchem buys first naphtha cargo. The proposed project is also intended to meet the growing electricity. The philippines jg summit petrochemical corp, a unit of jg summit holdings inc, is looking to import its first naphtha cargo in preparation for.
The address and contact number of jg summit is also used for jg summit naphtha cracker project, jg summit holdings inc. At present, jgspg has a 250hectare fully integrated, worldclass manufacturing complex that houses the naphtha cracker plant and the polymers plant. Jg summit builds philippines first naphtha cracker in. Jg summits naphthafed steam cracker at batangas can produce 320,000mtyear of ethylene, 190,000 mtyear of propylene, 216,000 mtyear ofpyrolysis gasoline and 110,000 mtyear of mixed c4. Summit petrochemical corporation was registered by the boi as. The first project will produce 70,000 mtyear of butadiene and 89,000mtyear of raffinate. Naphtha cracker plant jg summit petrochemicals group. Plans revealed recently include petrons indication that it would resurrect plans for a pp plant at mariveles, in bataan, with a capacity of 160,000tpa pp, expandable to 225,000tpa. All content is posted anonymously by employees working at jg summit holdings. Jg summit naphtha cracker plant to start in early 2014. Daelim finished all contractual obligations through the defect maintenancerepair period following mechanical completion in 2014. Jg summit started in 1957 when universal corn products, inc.
Batangas city san isidro village to jg summit project bachata romeo santos shakira prince royce duration. Jg summit olefins corporation jgsoc operates the countrys first naphtha cracker facility. Jg summit petrochemicals group jg summit to expand sole. Working at jg summit petrochemical corporation company. Incorporated on november 1990, it was founded by john. Jg summit petrochemicals group employs highly competent, motivated and dedicated employees who will be contributors to the attainment of our vision to become the market leading, preferred supplier of innovative worldclass petrochemical products and solutions in the philippines.
The philippines jg summit naphtha cracker project received the fac final acceptance certificate from the client on january 25, closing the defect maintenancerepair period. Jg summit is the sole naphtha cracker operator in the philippines and will continue to operate the facility during the construction phase. Jgspg has a 250hectare fully integrated, worldclass, pezaaccredited manufacturing complex in brgy. Once the project is completed, the local market will be able to enjoy more competitive petrochemical products from a wellintegrated supply chain, starting with the naphtha cracker facility upstream, and with the butadiene, aromatics, polyethylene and polypropylene plants downstream, all located within the jg summit petrochemicals complex. The jg summit olefins corporation jgsoc confirmed that the first naphtha cracker plant in the philippines started its commercial operations on november 1, 2014. Jg summit petrochemical corporation eis for the 2x150mw coal fired power plant esp. The naphtha cracker, which is also expected to produce 190,000 tonnes of propylene, is slated to start up in june 20, with commercial operations to begin five to six months after, said the second company source. Microsoft project 2019 professional crack collaborate with others to easily launch and delivery of winning projects. Gastron supplies to various companies such as lg life sciences and samsung display. Jg summit olefins corporation uses lummus technology and operates the first and only naphtha cracker plant in the. Capacity expansion planned for philippines sole naphtha. It uses lummustm olefins conversion technology in manufacturing 320,000 mta of polymergrade ethylene and 190,000 mta of polymergrade propylene, which are used as feedstock by the downstream polymer plants operated by jgspc.
Philippines jg summit petchem seeks 1st naphtha cargo. Company profile page for jg summit petrochemical corp including stock price, company news, press releases, executives, board members, and contact information. The conglomerate of the gokongwei family says it saw its net income climb to p. The second is the expansion of our polypropylene plant. Key subsidiaries include universal robina and cebu pacific. Petrochemicals industry in philippines research and markets. Jg summit sets expansion of petrochem complex inquirer. Gokongwei said the expansion consists of five projects expansion of the naphtha cracker by 50%, expansion of. Construction of our naphtha cracker plant is on track. Both are wholly owned subsidiaries of jg summit holdings, inc jgshi. The plant will have an annual capacity of 925,537t and produce polymergrade ethylene and propylene, pyrolysis gas and byproducts such as fuel gas, fuel oil and acid gas. Jgsoc was also given the gosignal for the expansion of its naphtha cracker plant with a project cost of p8. After the cracker expansion, capacity will increase to approximately 300 000 tpy.
Jg summit is a pioneer in the petrochemical industry in the philippines, having two whollyowned petrochemical investments operating in its fully integrated worldclass manufacturing complex in batangas city, around 120 km south of manila. Petrochemicals securing the future of philippine industries. Jg summit is the sole naphtha cracker operator in the philippines and will. It uses lummus technology in manufacturing polymergrade ethylene and propylene which are feedstocks for the jgspc pe and pp plant. Jg summit will finance the project using internal resources, the source said. See actions taken by the people who manage and post content. Jg summit naphtha cracker plant ready by 2014 inquirer. The jg summit petrochemicals group complex is located 120 km south of metro manila, in barangay simlong, batangas city, overlooking the scenic batangas bay. Jg summit petrochemical corporation company facebook. Jg summit petrochemicals group jgspg, a wholly owned subsidiary of jg summit holdings inc. Jg summit naphtha cracker plant ready by 2014 inquirer business. Philippines jg summit to build new hdpe plant, expand pp. The philippine petrochemicals industry aims, in the short to mediumterm, to secure and provide the vital resin requirements of the entire country in a competitive, efficient and timely manner so as to catalyze sustainable and dynamic manufacturing activities fueling growth across all userindustries. Jg summit holdings, inc jgshi is one of the largest conglomerates in the philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications.
A 6week turnaround has been scheduled for mid2019, at which point all critical tiein activities must be completed. Jg summit holdings is off to a good start in 2019, driven by its food, air transport, and property businesses. Jgs, the holding company of the gokongwei group, reported a consolidated net income of p7. Jg summit has a diversified portfolio with a combination of defensive and cyclical businesses. The philippines jg summit petrochemical corp, a unit of jg summit holdings inc, has bought its first naphtha cargo from the spot market at about. Jg summit annual report 2018 jg summit petrochemicals group. Riofil corporation was established in 1989 as a general contractor by kawasaki steel corporation engineering division, whose mission is to widely expand its growing construction business in the philippines. The naphtha cracker will be expanded to produce 50% more ethylene and 50 kta of additional propylene. Jg summit 2011 annual report by studio dialogo issuu. We very much welcome investment projects such as these. The nations leading newspaper manila bulletin business. The cracker s products also include pygas and mixed c4, which are currently 100% exported. Its company operations are geared toward providing quality construction services to the private business sector. Fluor chosen for jg summits petrochem project expansion.
For philippines, jg summit petrochemicals two new crackers with a. Naphtha cracker plant in batangas city the jg summit petrochemicals group complex is located 120 km south of metro manila, in barangay simlong. Facebook is showing information to help you better understand the purpose of a page. Currently, the downstream polymer plants of jg summit petrochemical corporation jgspc are already using polymergrade ethylene and propylene manufactured from. Capacity expansion planned for philippines sole naphtha cracker. The contact information like email address, telephone number, website. About jgsoc jg summit olefins corporation jgsoc operates the first and only naphtha cracker plant in the country. Another whollyowned subsidiary jg summit olefins corp. Jg summit olefins corporation jgsoc operates the first and only naphtha cracker plant in the country, which produces the olefin raw materials ethylene and propylene used as feedstock by jgspcs polymer plants. Our airline and petrochemical divisions are more susceptible to the volatility in oil prices and the weaker peso but the effect on earnings has been partly cushioned by our other core businesses in food, real estate and banking, jg summit. The third project, a whollyowned jgshi subsidiary, jg summit olefins corp. Lance gokongwei, jg summits president and chief executive, said the company expects to be resilient amid the covid19 pandemic given a diverse portfolio and balancesheet strength.
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