JG Summit awards aromatics & butadiene extraction unit project to CTCI in the Philippines
Following the recent successful contract award from PETRONAS in Malaysia, CTCI once again delivers a bright record in implementing its southbound strategy by securing the JG Summit Stage-1 Expansion Package 2 Aromatics Extraction and Butadiene Extraction Unit Project in the Philippines. The contract signing ceremony between JG Summit Petrochemical Corporation and CTCI was recently held in Manila in December 2017.
This project is an important milestone which marks CTCI’s re-establishment in the Philippines market, having completed the LVN Isomerization and Gas Oil Hydrotreater units project with Petron, the largest oil refining and marketing company in the Philippines.
JG Summit Petrochemical Corporation is a wholly-owned subsidiary of JG Summit Holdings, Inc., one of the largest publicly-listed trading companies in the Philippines, with business areas covering petrochemicals, telecommunications, power, food and beverage, retail, banking, publishing, aviation, real estate and property development. JG Summit Petrochemical Corporation is currently the country’s largest manufacturer of polyethylene and polypropylene resins, while its affiliate company, JG Summit Olefins Corporation, owns and operates the first and only naphtha cracker plant in the Philippines.
With years of active development in the Southeast Asia market, CTCI has garnered JG Summit’s trust, which has commissioned CTCI for this contract with its outstanding technological expertise and competitiveness in the global market. Once the project is completed, the local market will be able to enjoy more competitive petrochemical products from a well-integrated 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.
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