Inauguration of the Expanded Petrochemicals Manufacturing Complex of the JG Summit Olefins Corp.

Barangay Simlong, Batangas City January 19, 2024 President Ferdinand R. Marcos Jr. graces the inauguration of the expanded Petrochemicals Manufacturing Complex of JG Summit Olefins Corporation (JGSOC), the country’s leading petrochemical company and the largest polyolefin manufacturer in the Philippines, in a ceremony at the JGSOC Petrochemical Complex in Barangay Simlong, Batangas City on January 19, 2024. Under the theme, ‘Celebrating our Nation’s Strength and Unity,’ President Marcos Jr. tours the 160-hectare facility and leads the unveiling of the commemorative marker. Joining him are JG Summit Holdings, Inc. (JGSHI) Chairman James L. Go, JGSHI President and Chief Executive Officer (CEO) Lance Gokongwei, and JGSOC President and CEO Arnel Santos. JGSOC operates the only facility in the Philippines that processes naphtha into ethylene and propylene, key ingredients used for the production of common plastics. This not only benefits local plastic businesses by providing a steady supply of these materials, but also reduces costs, enables increased production and enhances competitiveness. Additionally, the plant produces other chemicals used in paints, plastics, rubber and other products. In 2023, JGSOC commenced commercial operations of its US$1.3 billion expansion project, which boosted the overall site capacity to over one (1) million metric tons of petrochemical products annually. * * Connect with RTVM Website: http://rtvm.gov.ph Facebook: www.facebook.com/presidentialcom and www.facebook.com/rtvmalacanang Twitter: @RTVMalacanang YouTube: @RTVMalacanang Tiktok: @RTVMalacanang