The Philippines: High Density Polyethylene Unit Maire Tecnimont Awarded EPC Contract by JG Summit Petrochemical
Maire Tecnimont's subsidiary Tecnimont, through its affiliate Tecnimont Philippines has been awarded in JV with JGC Philippines 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.
Milan/Italy — The EPC Lump Sum contract overall value of approx. $ 180 million. The project scope comprises 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.
Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, described the project as the first important step in the Philippines that would consolidate their technology-driven footprint in South East Asia. The project has an overall execution period of 26 months. JGSPC, part of JS Summit Holdings Group, is the largest manufacturer of polyolefins in the Philippines.