News Releases 2018
Mar. 19, 2018
JGC Philippines Inc. in Joint Venture with Tecnimont Philippines Inc. Awarded an EPC Lump-sum Contract by JG Summit
Yokohama, Japan – JGC Corporation announced today that, JGC Philippines has been awarded in JV with Tecnimont Philippines Inc. (JGC Philippines Inc. 35 % – Tecnimont Philippines Inc. 65 %) an EPC Lump Sum contract by JG Summit Petrochemical Corporation (JGSPC), for the implementation of a new High Density Polyethylene unit (HDPE) and the upgrading of an existing Polypropylene unit (PP). The units will be located 120 km south of Manila, in Batangas City, Philippines.
JGSPC, part of JG Summit Holdings Group, is the largest manufacturer of polyolefins in the Philippines.
The EPC Lump Sum contract overall value is in the range of USD 180 million. The project scope entails Engineering, Procurement and Construction activities up to Ready for Commissioning. Once the project is completed, the new HDPE plant will have a capacity of 250,000 tons per year of HDPE based on Chevron Phillips Chemical‘s MarTECH™ technology, while the existing PP plant will expand to 300,000 tons per year of PP based on Grace‘s UNIPOL® PP technology.
The project has an overall execution period of 26 months.
Tecnimont is the leader of the joint venture due to its consolidated expertise in the petrochemical sector worldwide, while JGC Philippines (JGC CORPORATION‘s fully owned subsidiary) is one of the main local EPC contractors with an important track record in the country.