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Philippines downstream projects overview

With a rapidly economic growth, Philippines is witnessing increasing demands in refining and petrochemical products and yet the country is still a net importer of fuels and chemicals. The country’s refined fuel consumption rose by 8% annually and the high growth rate was due to substantial investment in infrastructure projects and developments–specifically the new naphtha cracker.

 

Local players dominate Philippines’ downstream markets. Petron Corp is producing almost 60% of the domestically refined fuel. It is planning to increase its Bataan refinery (biggest refinery in the country) capacity, providing a short-term boost to domestic refined fuels production.

 

JG Summit Petrochemicals Corp leads the petrochemical industry. It has approved investment in the three petrochemical projects with the expected investment of PHP15.8 billion driving the domestic production of chemicals, and reducing dependence on imports.

 

Here below are the projects overviews in Philippines downstream sectors for your reference:


Connecforce is pleased to announce the 2019 International Downstream Tech – Philippines event.
 

A conference for you to meet all key players and shareholders in Philippines’ downstream industry


Participating companies: 


Click HERE to download the event program and see who are speaking


Delegate registration deadline extent to Jan 20. Click HERE to register as a delegate.

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