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Philippine Sanli Group will spend 1 trillion pesos to build a new petrochemical plant

  • Categories:Industry News
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  • Time of issue:2016-06-16 16:44
  • Views:33

(Summary description)　　According to the Philippines Manila Times reported on June 14, the SMC may invest in a new petrochemical plant worth 1 trillion pesos in the next six months. SMC President and Chief Operating Officer Ramon Ang told reporters at the annual general meeting on the 13th that SMC will build a new refinery that can produce 250,000 barrels of petroleum products per day for the Philippines. He believes that the price of petrochemical products is stable and the profit rate is high. The domestic consumption of the Philippines is large and the export potential is huge.

Philippine

Philippine Sanli Group will spend 1 trillion pesos to build a new petrochemical plant

Philippine Sanli Group will spend 1 trillion pesos to build a new petrochemical plant

Philippine

Philippine Sanli Group will spend 1 trillion pesos to build a new petrochemical plant

(Summary description)　　According to the Philippines Manila Times reported on June 14, the SMC may invest in a new petrochemical plant worth 1 trillion pesos in the next six months. SMC President and Chief Operating Officer Ramon Ang told reporters at the annual general meeting on the 13th that SMC will build a new refinery that can produce 250,000 barrels of petroleum products per day for the Philippines. He believes that the price of petrochemical products is stable and the profit rate is high. The domestic consumption of the Philippines is large and the export potential is huge.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2016-06-16 16:44
  • Views:33
Information
　　According to the Philippines Manila Times reported on June 14, the SMC may invest in a new petrochemical plant worth 1 trillion pesos in the next six months. SMC President and Chief Operating Officer Ramon Ang told reporters at the annual general meeting on the 13th that SMC will build a new refinery that can produce 250,000 barrels of petroleum products per day for the Philippines. He believes that the price of petrochemical products is stable and the profit rate is high. The domestic consumption of the Philippines is large and the export potential is huge.
 
　　It is understood that the specific location of the petrochemical plant may be in the southern part of the Greater Manila region. SMC will cooperate with two foreign companies and is expected to be operational after three and a half years. In addition, SMC is also looking to expand the production capacity of Petron's existing refineries from 180,000 barrels per day to approximately 270,000 barrels per day, and consider investing US$ 800 million (approximately 39.6 billion pesos) to expand its refineries in Malaysia. . In addition to the petroleum industry, SMC also operates in the food and packaging, energy and power, infrastructure, banking and other fields.
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