Feb 10, 2015 feb 10 reuters the following lists planned maintenance at naphtha crackers in asia for 2015, based on information from traders. Jg summit naphtha cracker plant ready by 2014 inquirer. During my internship in jg summit, they treat us like a regular employee, meaning we our work is basically the same with the regular employees. Jg summit bought the cargo as it prepares to start up its naphtha cracker, the first in the country, which will have a capacity of 320,000 tonnes per year tpy of ethylene. A new polyethylene plant, to produce 250 kta of bimodal and metallocene pe using double loop slurry polymerization technology. Originally, the gokongweis had proposed to start commercial operation of its naphtha cracker plant in 2008 when they registered the project with the board of investments in 2005 under jg summit petrochemical corp. Jg summit olefins operates a 320,000 tonnes per year tpy naphtha cracker, the only such unit in the philippines. They taught us every process in manufacturing their product. Jun 12, 2014 singapore reuters the philippines jg summit petrochemical corp. These are jg summit petrochemical corporation jgspc and jg summit olefins corporation jgsoc, which now form the jg summit petrochemicals group. Market share of approximately 52%, 24%, and 29% of the domestic market including imports in olefin, polyethylene, and polypropylene, respectively. Dec 21, 2009 originally, the gokongweis had proposed to start commercial operation of its naphtha cracker plant in 2008 when they registered the project with the board of investments in 2005 under jg summit petrochemical corp. Capacity expansion planned for philippines sole naphtha. Excluding nonrecurring items, jg summits core profit.
In respect of final settlement, the floating price will be a price in usd and cents per barrel based on the difference between the average of the mean of the high and low quotations appearing in the platts european marketscan under the heading northwest european cargoes subheading cif nwebasis ara for naphtha and the average of the settlement prices as made public by ice for the front. Jg summit sets expansion of petrochem complex inquirer. Jg summit petrochemicals group employs highly competent, motivated and dedicated employees who will be contributors to the attainment of our vision to become the market leading, preferred supplier of innovative worldclass petrochemical products and solutions in. Jgspg has a 250hectare fully integrated, worldclass, pezaaccredited manufacturing complex in brgy.
However, until a domestic olefins source is developed, the main weakness in the philippines petrochemical industry will remain its dependence on imported ethylene and propylene, as well as aromatics and their. Jg summit petrochemical corporation jgspc is the first integrated polyethylene pe and polypropylene pp plant in the philippines. Sep 07, 2012 naphtha cracking petroleum industry hydrocracking petrochemical industry steam cracking 8. Jg summit petrochemical corp company profile and news. Jg summit to expand sole cracker by pearl bantillo. Jg summit olefins operates a 320,000 tonnes per year tpy naphtha cracker, the only such unit.
Jg summit will finance the project using internal resources, the source said. Jg summit builds philippines first naphtha cracker in. At present, jgspg has a 250hectare fully integrated, worldclass manufacturing complex that houses the naphtha cracker plant and the polymers plant. Philippines manufacturing industry bolstered by growing. Manila, philippines gokongweiled jg summit holdings saw its consolidated net income jump by 54% yearonyear to p7. The company also invests in real estate, manages hotel, and provides. Jg summit lets fluor epcm contract for filipino pc complex. Construction and development are in fullswing and we expect.
Coker naphtha hydrotreating technology hydroprocessing. In may 2008, however, the company revised the project with a new commercial operation target of january 2012. Jgsoc, jgspgs petrochemical complex houses the philippines first and only naphtha cracker, whichcommissioned in. It uses lummustm olefins conversion technology in manufacturing 320,000 mta of polymergrade ethylene and 190,000 mta of polymergrade propylene, which are used as feedstock by the downstream polymer plants operated by jgspc. Jg summit petrochemical corporation may 2016 jun 2017 1 year 2 months ensured continuous efficient, stable, safe, and profitable performance of process control and auxiliary systems in the polyethylene and polypropylene plants through maintenance and management of bpcs, esd, plcs, apc, and other systems. Ceb was ranked among the top 3 low cost carriers in asia based on number of passengers carried. Jg summit is the sole naphtha cracker operator in the philippines and will continue to operate the facility during the construction phase. About jgsoc jg summit olefins corporation jgsoc operates the first and only naphtha cracker plant in the country.
Pdf simulation studies of naphtha splitter unit using aspen. The table will be revised when new information becomes available. Digitel completed its allip next generation network rollout. Jg summit announced earlier this year, as mrc informed before, that it was planning to invest usd700million in five new petrochemical projects in the philippines, which includes a new butadiene extraction plant, an aromatics unit, an expansion of its existing naphtha cracker and polypropylene facility, and a new bimodal polyethylene unit. They mainly focus on the safety of each process which is important. It operates in several business segments namely power generation, food manufacturing, air transportation. The naphtha cracker project of jg summit olefins corporation is a back integration for the existing polyethylene and polypropylene plants of jg summit petrochemical corp. After the cracker expansion, capacity will increase to approximately 300 000 tpy. Jg summit petrochemicals group jg summit holdings, inc. Philippines petrochemicals industry trends and developments. None 2011 titan pasir gudang 440 none 2010 the philippines jg summit batangas.
Jg summit reported disappointing earnings in 9m18 with a 30. View jgs historial stock data and compare to other stocks and exchanges. Reviews from jg summit petrochemical corporation employees about jg summit petrochemical corporation culture, salaries, benefits, worklife balance, management, job security, and more. The philippines jg summit petrochemical corp, a unit of jg summit holdings inc, is looking to import its first naphtha cargo in preparation. The company shut the plant in october for maintenance and expansion works to raise the nameplate capacity to 480,000 tpy. Working at jg summit petrochemical corporation company.
Credit suisse 10 annual asean conference company presentation. The organization embraces a learning culture open to cross postings within and across business units, generous to learning events, continuously enhances and updates its corporate university, promotes rotation to different functions within. Philippines jg summit petchem seeks 1st naphtha cargo. Jg summit olefins corporation jgsoc operates the first and only naphtha cracker plant in the country, which produces the olefin raw materials ethylene and propylene used as feedstock by jgspcs polymer plants. Worked full time in jg summit holdings for more than 5 years. The philippines jg summit olefins has restarted operations at its naphtha cracker over the weekend following a shutdown since the fourth quarter of 2019, a person familiar with the matter said on monday.
Naphtha crack naphtha cif nwe cargoes vs brent 1st line. Mar 19, 2019 despite the poor results over the short term, jg summit is continuing to invest usd600mn in expanding petrochemicals operations with its cracker from 320,000 tonnes per annum tpa to 500,000tpa, increasing propylene capacity by 50,000tpa and developing further downstream production based on butadiene and aromatics streams. The jg summit petrochemicals group complex is located 120 km south of metro manila, in barangay simlong, batangas city, overlooking the scenic batangas bay. Mar 28, 2014 jg summit said consolidated revenues derived from food, airline, real estate, petrochemicals and banking businesses rose 8. Jg summit petrochemicals group jg summit to expand sole. Emis company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets. Jg summit annual report 2018 25 years as a listed company. Both are wholly owned subsidiaries of jg summit holdings, inc jgshi. The naphtha cracker, which is also expected to produce 190,000 tonnes of propylene, is slated to start up in june 20, with commercial operations to begin five to six months after, said the second company source. Jgsoc was also given the gosignal for the expansion of its naphtha cracker plant with a project cost of p8. All content is posted anonymously by employees working at jg summit holdings. The plant will have an annual capacity of 925,537t and produce polymergrade ethylene and propylene, pyrolysis gas and byproducts such as fuel gas, fuel oil and acid gas.
Jg summits naphthafed steam cracker at batangas can produce 320,000mtyear of ethylene, 190,000 mtyear of propylene, 216,000 mtyear ofpyrolysis gasoline and 110,000 mtyear of mixed c4. Pdf on apr 11, 20, pranab k rakshit and others published simulation studies of naphtha splitter unit using aspen plus for improved product quality find, read and cite all the research you. About jgsoc jg summit olefins corporation jgsoc operates the countrys first naphtha cracker facility. Jg summit naphtha cracker to come on stream by mid20. Gokongwei said the expansion would maximize the value from the cracker and polymer product portfolio, and potentially double the profitability in the following years. For investors to be incentivized to build new naphtha crackers in china, the price of ethylene. Coker naphtha places extraordinary demands on hydrotreating processes. It creates a culture of innovation by providing sustainable solutions for the changing world. The naphtha cracking facility planned by a jg summit holdings, inc. The combination of gtbtx and gtdwc will be designed to process jg summits expanded pygas capacity to produce around 170 000 tpy of btx benzenetoluenexylenes.
A 6week turnaround has been scheduled for mid2019, at which point all critical tiein activities must be completed. Jg summit 2011 annual report by studio dialogo issuu. A great organization to be part of if your motivation is development. Key subsidiaries include universal robina and cebu pacific. Linde philippines signs long term contract with jg summit. Purchase the jg summit petrochemical corporation report to view the information. Jun 09, 2015 the following lists planned maintenance at naphtha crackers in asia for 2015, based on information from traders. Prii second line expansion for pvc under planning stage 3rd debottlenecking of prii. Philippines jg summit to build new hdpe plant, expand pp. Panipat naphtha cracker plant blogs, comments and archive news on. Jg summit petrochemicals group is a pioneer in the petrochemical industry as it continuously strives for excellence in serving the filipino nation. Tableasian naphtha crackers 2015 maintenance reuters.
Jg summit petrochemical corporation company profile. These subsidiaries, jg summit petrochemical corporation jgspc and jg summit olefins corporation jgsoc, are collectively known as the jg summit petrochemicals group jgspg. Naphtha cracker plant jg summit petrochemicals group. It has also bought a 30,000tonne naphtha cargo from a western trading house this week for early july arrival. Petrochemicals industry in philippines research and markets. Singapore reuters the philippines jg summit petrochemical corp. Contents 2 financial highlights 4 message from the chairman and president jg. Jan 19, 2016 tableasian naphtha crackers 2016 maintenance. Jg summit currently has approximately 210 000 tpy pyrolysis gasoline pygas capacity. Philippines jg summit petchem buys first naphtha cargo. These difficulttoprocess streams often contain high levels of silica, which decrease hdn catalyst activity. Jg summit holdings, inc jgshi is one of the largest conglomerates in the philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications.
The 320,000 tonnes of ethylene and 190,000 tonnes of propylene produced annually by the naphtha cracker are now employed as feedstock for partner jg summit petrochemical to produce basic raw materials for a variety of plastics. Another whollyowned subsidiary jg summit olefins corp. Jgsoc was registered with the board of investment in 2010 as a new producer of ethylene, propylene, pygas and other byproducts. Building in china is the most costeffective highvolume option for new naphtha crackers, positioning these plants as the global longterm price setter for ethylene and derivatives exhibit 3. Reynelyn lou mistio associate engineer, process automation.
Jg summit olefins corporation jgsoc was incorporated to build and operate the first and only naphtha cracker in the philippines. The naphtha cracker will be expanded to produce 50% more ethylene and 50 kta of additional propylene, to be consumed respectively by the new bimodal pe plant and the expanded pp plant. It uses lummus technology in manufacturing polymergrade ethylene and propylene which are feedstocks for the jgspc pe and pp plant. Jg summit petrochemicals group employs highly competent, motivated and dedicated employees who will be contributors to the attainment of our vision to become the market leading, preferred supplier of innovative worldclass petrochemical products and solutions in the philippines. Jg summit olefins corporation uses lummus technology and operates the first and only naphtha cracker plant in the. May 05, 2020 panipat naphtha cracker plant latest breaking news, pictures, videos, and special reports from the economic times. Jul 04, 2012 manila, philippines, 4 july 2012 linde philippines inc. It has also bought a 30,000tonne naphtha cargo from a western trading house this week for early july arrival at batangas city where the cracker is located. Six months ended june 30, 2016 vs june 30, 2015 jg summits net income increased 30. Jg summit petrochemical corporation is currently the countrys 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. Jg summit petrochemicals group jg petrochem is developing its complex with the expanded naphtha cracker, new and expanded plants for polymers, and new aromatics and butadiene extraction units that will further process its mixed c4 and pyrolysis gas into downstream products.
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