Firms in Limay reminded to help protect environment

LIMAY, Bataan, Philippines – In keeping with Earth Day as celebrated around the world last Friday, Mayor Ver Roque urged multi-national companies operating in this industrial town to help him protect the environment.

Roque said that while he considers investors as partners of this town in progress, good business managers are responsible for caring for “mother nature” and ensuring the health of its residents.

His appeal comes in the light of the P78-billion expansion program of Petron Corporation for plant in this town.

The mayor said he is confident that with the support his administration is giving to investors like Petron, they will, in return, ensure that the health of the environment and his constituents are not compromised.

Recently, Roque joined Petron executives at the launching of Phase 2 of the oil firm’s refinery upgrade, which is targeted for completion by the end of 2014.

In his bid to give priority to his constituents in terms of employment, Roque and the Sangguniang Bayan headed by Vice Mayor Remigio Tayag, Jr., adopted a resolution urging multi-national companies operating here to give employment priority to Limay residents.

- by: MAR T. SUPNAD



source: http://www.mb.com.ph/articles/315330/firms-limay-reminded-help-protect-environment

Read more »

Posted in: Bataan refinery,business,celebrate,companies,health,health care,investment,investors,refinery

Petron unveils ambitious refinery expansion plan

Targeted for completion by 2014, Petron Corp. on Wednesday said it has unveiled its most ambitious investment to date – a refinery expansion project (RMP-2) that commemorates the Petron Bataan refinery’s (PBR) 50th anniversary.

"The decision to undertake this massive project was borne out of the vision to make Petron Bataan Refinery among the best in Asia," Petron Chairman and CEO Ramon S. Ang said in a statement. "From a national perspective, this major investment underscores our belief in the country's prospects and our strong commitment to significantly contribute to nation-building."

RMP-2 will enhance Petron’s capability to supply the increasing demand for petrochemicals and white products such as LPG, gasoline, diesel. This will enhance the country’s supply security of petroleum products.

Once completed, RMP-2 will enable Petron's Bataan Refinery to "digest" a wider range of crude oils, including those from African sources, giving it greater flexibility to source cost-efficient crude oil types from any part of the world.

Petron's operational efficiency will also improve significantly since the project will allow the full "conversion" of all remaining black streams into high-margin white products and petrochemicals. This means that the company can run its refinery 100 percent without incurring penalties from producing low-value fuel oil.

The project will increase current propylene production by nearly 200 percent.

RMP-2 will double Petron's refining complexity, enabling it to compete more effectively with refineries in the Asia-Pacific region.

Best of all, RMP-2 will enable local production of fuels that meet the global clean air standard of the future – Euro 5. This will improve the country’s air quality, according to Petron.

Petron will partner with companies Axens, UOP, CBI Lummus, Foster Wheeler, and Daelim – leading global technology and engineering companies focused on petrochemical production and refinement.

"The RMP-2 project supports Petron's strategic initiatives namely our retail network expansion program, the integration of our petrochemicals business, and increasing our presence in the export market. These are aimed at ensuring its growth momentum over the long-term." Ang said.

By the end of 2010, the company already had over 1,700 service stations – by far the largest in the country.

The country's fuel demand is expected to increase as the economy continues to grow. — AY/VS, GMA News

source: http://www.gmanews.tv/story/217098/business/petron-unveils-ambitious-refinery-expansion-plan

Read more »

Posted in: Bataan refinery,business,petrochemicals,Petron,refinery

Manila's Petron to spend $1.8 bln to expand refinery

(Reuters) - The Philippines' Petron Corp will spend around $1.8 billion to upgrade its oil refinery in Bataan, northwest of Manila, as it seeks to boost long-term growth, chairman Ramon Ang said on Wednesday.

The country's top oil firm said the project will enhance the country's oil supply security and its capacity to meet the growing demand for white products such as liquefied petroleum gas, gasoline and diesel, and petrochemicals.

The expanded facility, which currently has a 180,000 barrel-per-day capacity, would allow Petron to "digest" a wider range of crude oils, including from African sources, Ang said at a company event at the refinery.

Petron, controlled by local conglomerate San Miguel Corp , buys most of its crude supply from Saudi Arabia.

Ang, who is also president of San Miguel, said the refinery upgrade supported Petron's strategic initiatives including its retail expansion programme and the integration of its petrochemicals business.

Shares in Petron rose 0.14 percent on Wednesday, underperforming the broader market's 1.09 percent advance. The stock has fallen 25.5 percent so far in 2011, while the broader market is up 0.3 percent. (Reporting by Erik dela Cruz; Editing by John Mair)



source: http://www.reuters.com/article/2011/04/06/petron-idUSL3E7F605B20110406

Read more »

Posted in: Bataan refinery,business,gasoline,gasoline production,Petron,refinery

Petron plans refinery expansion

PETRON CORP. announced on Wednesday it will expand its Bataan refinery to increase gasoline production.

The expansion is slated for completion by 2014.

It will allow Petron to process crude oil from sources including Africa and will increase the company's production of gasoline and diesel.

"The decision to undertake this massive project was borne out of the vision to make Petron Bataan refinery among the best in Asia," said Petron Chairman and Chief Executive Ramon S. Ang.

He added national oil security will also increase since the company is looking at sourcing crude outside the traditional source of the Middle East.

The expansion will cost around $1.8 billion. --Emilia Narni J. David

source: http://www.bworldonline.com/content.php?section=Corporate&id=29290&title=Petron+plans+refinery+expansion

Read more »

Posted in: Bataan refinery,gasoline,gasoline production,Petron,refinery

Investment Generation Activities

Despite the absence of a Local Investment Incentives Code, Bataan was able to generate new investments and encourage existing industries to expand on their operations. Take the case of the Petron Bataan Refinery who infused another multi-million dollar investment on petrochemical feedstock facilities, the Petro Fluidized Catalytic Cracking Unit and Propylene Recovery Unit. Another one is the PNOC Alternative Fuels Corporation that will use Jatropha plants as source of biofuels, which is located inside the PNOC Petrochemical Park in Mariveles. The Ayala Land Corporation, developer of Anvaya Cove, the most complete leisure park in Asia which is located in Morong town. The operation of the new P650-million San Miguel Foods Incorporated, a producer of animal feeds where half of its production is intended for its own feed requirements bannered by SMC B-Meg Feed Mill, is another locator in Mariveles.

Governor Enrique T. Garcia Jr is the number one investment promotion officer of the Province. Middle of 2007, the Governor together with Congressman Abet Garcia, Mayor Joet Garcia and Mayor Jessie Concepcion were invited by the Chinese government to observe the operation of power plants in China. The China trip produced an agreement between Bataan and the Chinese Government to establish a 600 megawatt, $822-million clean coal-fired power plant in Mariveles. The project will be undertaken through GN Powers Corp., a power utility company affiliated with Hydro Mac, a corporation owned by the Republic of China.

This only shows that investors are not only after the fiscal or tax incentives an LGU can offer. They give more considerations on the location, the skilled manpower, availability of raw materials for their businesses, the peace and order situation, accessibility to airport and seaport facilities (Subic, Clark and Manila), infrastructure facilities, good road network, and the presence of multi-national industries that give credence to Bataan as a complete investment destination.

On the LGU side, Bataan implements the best streamlined procedure on the issuance of business permits and licenses. The nightmare of most businessmen in securing necessary business documents is now over with the presence of twelve (12) Business-One-Stop-Shops, ideal and traditional, province wide.

The Provincial government may also provide the following:

1. Support to maintain industrial peace and security;

2. Assistance in securing direct source of electric power, water supply, and telecommunication services;

3. Assist in site selection and facilitates negotiation for Road-Right–of- Way;

4. Assist in labor recruitment and arbitration;

5. Assistance in the negotiation of special rates for industries with a minimum load of at least 1000 kilowatts; and

6. Other assistance as the Provincial Government may provide.




Related Links:


Bataan Provincial Investment Promotion Plan (2008-2010)
Strategic Location of the Province
Proximity & Accessibility
Water & Power Utilities
Agricultural Produce
Cost of Doing Business
Investment Areas
Investment Priority Areas
Investment Incentives

Read more »

Posted in: Assistance,Bataan refinery,business,investment,investors,petrochemicals,Petron,refinery

Investment Areas

1. PNOC Alternative Fuels Corporation Industrial Park

The PNOC AFC Industrial Park (formerly PPDC) is situated in a 530-hectare land between the municipalities of Limay and Mariveles. It is 135 kms. away from Manila by land and more or less an hour away across Manila Bay. At present, the complex houses the following companies: Philippine Resins Industries, Inc., NPC Alliance Corporation, and Phoenix Polypropylene Plant (formerly Petrocorp) that process petroleum by-products for rubber and plastic industries. Soon to start its initial operation is the PNOC Alternative Fuels Corporation registered with the Board of Investments with a pioneer status will use jatropha plants as source of biofuels.

2. Petron Bataan Refinery Complex

Petron Corp., the country’s top oil refiner inaugurated on April 09, 2008 the Philippines’ first petrochemical feedstock facilities at PBR Complex in Limay, Bataan. The Petro Fluidized Catalytic Cracking (PetroFCC) unit and Propylene Recovery Unit (PRU) are part of the company’s refinery Master Plan to further diversify and boost its position in the local petrochemical industry.

The PetroFCC, the first “cracking” unit of its kind in the world will convert black products (fuel oil) into higher value LPG, gasoline, diesel and yields high level propylene. The PRU further purifies the propylene to be used in making petrochemical products such as food packaging, appliances, suitcases, furniture, DVDs and even car parts. Petron Corp. has signed an agreement with Mitsui Co. Ltd. for a six-month supply of polymer-grade propylene.

3. PEZA-Bataan Economic Zone (BEZ)

The first and largest economic zone in the country was once the magnet of investments in the country. The established shipping port within the zone however would significantly serve the whole region as a strategic transshipment point.

There are 47 companies presently operating inside BEZ whose major exports include electronics, garments, textiles, fashion accessories, optical lenses, tennis balls, leather goods, sports bags and accessories, athletic shoes, and fiberglass products.

Plastic City Special Economic Zone

Under the administration of Bataan Economic Zone, Plastic City SEZ is located in a 25-hectare land at Barangay Alion, Mariveles, Bataan. It is about 2 kms. from the Petrochemical Industrial Complex, source of raw materials for its two (2) locators inside, Diversified Plastic Film Systems, and Modern Packaging Film Systems. Preferred industries are from light to heavy.

Mariveles Grain Terminal

Primarily to serve as main hub for handling, storing, and unloading of

grains within the terminal, industries identified for the Food city are flour milling, oil seed crushing/refining, starch production (corn and cassava), and feed compounding as core businesses. Downstream industries include pasta/noodle production, snack foods/biscuits and other varied food processing.

The terminal has the capacity to cater both the local and foreign grain producers with a handling discharge rate of 10,000 metric tons per day.

Support industries outside the Food City include backward linkages such as cattle-raising, corn-growing, fish/prawn farming and service industries.

4. Bataan Technological Park, Inc. (BTPI)

A 380-hectare site in Sabang, Morong, Bataan was once a UN High

Commission’s Refugee Processing Center. BTPI is ideal for world-class facilities for science-based and multi-use research and high technology development. A portion of the area is being geared towards research laboratory, modern agricultural training center and model farm.

Now under the management of Subic Bay Freeport Zone which is around 10 minutes away, BTPI stretches out to accommodate light and customized manufacturing industries.

5. Hermosa Special Economic Zone (HSEZ)

HSEZ would become a natural catch-basin of opportunities from existing industries in the W-Growth Corridor especially when the Subic-Clark-Tarlac Expressway Project (SCTEP) becomes operational. This development would complement to the growth of the agricultural sector alongside manufacturing business where HSEZ promises to be a better alternative site for light industries.

Hermosa Ecozone Industrial Park (HEIP)

A world-class 165 hectares industrial estate inside HSEZ is strategically located alongside the Subic-Clark-Tarlac Expressway making it just a few minutes away from Subic Bay Freeport Zone, Clark SEZ, and the rest of Central Luzon.

HEIP’s proximity to these transshipment hubs would greatly benefit its investors of the deep water port facilities (SBFZ) and international airports (Subic and Clark).

Subic-Hermosa Cyber City

Seated on a 96-hectare land (first phase only), it is intended for locators engaged in electronics, information technology, multi-media and other light industries. Its development includes factory buildings, industrial lots, commercial/residential buildings, office buildings, and shopping/entertainment complex. It is just a few meters away from Roman Superhighway.

6. Balanga BPO Center

Included in the list of “Next Wave Cities” of Information Technology in Central Luzon by the Department of Trade and Industry, the City of Balanga is gearing up to become the next ICT Hub in the region because of available infrastructure, presence of IT professionals and highly trainable manpower resources.

The City of Balanga is an hour away from the Mall of Asia, the latest ICT Hub in the country, via ferry services plying Manila-Port of Orion. Literally, “the city across the bay” since Manila Bay alone separates the two cities.

Located in the city commercial district, the Bataan Transport Mall is being developed as a BPO Center. The building is seated on a 4.6 has. land with a floor area of 11,340 square meters. The center is close to the proposed ICT Park of Balanga.




Related Links:


Bataan Provincial Investment Promotion Plan (2008-2010)
Strategic Location of the Province
Proximity & Accessibility
Water & Power Utilities
Agricultural Produce
Cost of Doing Business
Investment Priority Areas
Investment Incentives

Read more »

Posted in: Alternative Fuels,Bataan refinery,economic,freeport zone,Industrial Park,land and ports,landing,petrochemicals,Petron,refinery