MOSCOW (MRC) -- JG Summit Olefins Corp. has awarded an engineering, procurement and construction contract to Posco Engineering & Construction to expand an existing naphtha cracker and build a hydrogenation unit in Simlong, Batangas, Philippines, according to Korean news sources, as per Apic-online.
Under the contract, Posco will expand the naphtha cracker's capacity to 474,000 t/y from 320,000 t/y currently, as well as build a new hydrogen process plant for pyrolysis gasoline. Completion is expected by 2020.
Once complete, the cracker, will be the "largest" in the Philippines, the press reports said.
Last month, Fluor was awarded an engineering, pro-curement and construction management contract from JG Summit for a project at the Batangas complex that involves increasing ethylene production by 160,000 t/y, propylene production by 50,000 t/y and new and expanded downstream units.
As MRC reported earlier, JG Summit Holdings, Inc., the flagship of the Gokongwei family, is investing an additional USD700 mln for the expansion of its petrochemicals business through subsidiary JG Petrochemical Corporation.
MRC