+ Follow JOSE GANGAN Tag
JOSE GANGAN
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[ArticleID] => 227366
[Title] => PNOC unit may raise stake in Petrocorp
[Summary] => The PNOC-Petrochemical Development Corp.(PPDC) is looking at the possibility of increasing its stake in Petrochemical Corp. of Asia-Pacific (Petrocorp) to 40-45 percent, from 10 percent, in line with the effort to intensify the mid-stream petrochemical industry.
A reliable source told The STAR that the PPDC is now talking with an American petrochem firm from the "West Coast" to be its strategic partner in reviving the ailing Petrocorp.
The source, however, said PPDC would prefer that a new company be formed to absorb the debts of Petrocorp.
[DatePublished] => 2003-11-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
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[ArticleID] => 192400
[Title] => PNOC eyes Iran firm as partner for naphtha cracker project
[Summary] => The Philippine National Oil Co. (PNOC) and Iran Petrochemical Commercial Co. (IPCC) have signed a memorandum of understanding which may lead to a joint venture for the $600-million naphtha cracker plant and other downstream projects in the petrochemical sector.
PNOC president Thelmo Y. Cunanan, together with PNOC Petrochemical Development Corp. (PPDC) president Jose Gangan, went to Iran recently to negotiate for an oil supply deal as well as joint petrochemical ventures.
[DatePublished] => 2003-01-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
(
[ArticleID] => 154628
[Title] => PPDC nixes Malampaya as source of raw materials for naphtha plant
[Summary] => The PNOC-Petrochemical Development Corp. has dropped its plan to source 40 to 45 percent of its feedstock requirement for its naphtha cracker plant from Shell Petroleum Exploration B.V. (Spex)’s Deep Water to Gas power project in Northern Palawan.
"We are no longer considering the Malampaya condensate because the gas is too dry," Philippine National Oil Co. (PNOC) president Thelmo Y. Cunanan said. "PPDC is the petrochemical development arm of PNOC.
[DatePublished] => 2002-03-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 95877
[Title] => PNOC eyes bonds to fund naphtha plant
[Summary] => State-owned Philippine National Oil Co. will pursue plans to float bonds or borrow from international financial institutions to fund the PNOC-Petrochemical Development Corp.’s 34-percent equity in the proposed $600-million naphtha cracker plant, PNOC chairman Sergio Apostol said yesterday.
"We are thinking of a bond flotation for the naphtha cracker, or we might borrow," Apostol said.
Apostol would not give any details, saying they are still holding talks with various groups. "It is very preliminary," he said.
[DatePublished] => 2001-04-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 95784
[Title] => JG Summit may join $600-M naphtha project
[Summary] => JG Summit Holdings Inc., the investment arm of the Gokongwei family, may join the government-led consortium that will build the $600-million naphtha cracker plant in Bataan, PNOC-Petrochemical Development Corp. (PPDC) president Jose Gangan said.
"Based on our recent talks, JG Summit will join the group," Gangan said without giving any details.
So far, there are only two polypropylene plants in the country. One is being run by JG Summit and Marubeni of Japan, and the other by Petrochemical Corp. of Asia-Pacific (Petrocorp) controlled by the Garcia group.
[DatePublished] => 2001-04-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 96251
[Title] => Foreign firms to conduct studies for $600-M naphtha cracker plant
[Summary] => The PNOC-Petrochemical Development Corp. (PPDC), the petrochemical arm of state-owned Philippine National Oil Co. (PNOC), has selected foreign firms to conduct a technical and feasibility study for the proposed $600- million naphtha cracker plant.
PPDC president Jose Gangan said they have commissioned Forster Wheel-Unico and Chemsystems Inc. to conduct the technical and feasibility studies, respectively, of the naphtha plant.
Gangan said they expect the study, which will involve both engineering and viability of the proposed project, to commence next month.
[DatePublished] => 2001-03-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 98326
[Title] => 7 international banks show interest in naphtha project of RP
[Summary] => Seven international financial institutions have submitted formal proposals to act as financial adviser for the country’s first-ever naphtha cracker plant.
The international institutions are the Deutsche Bank, the Bank of Tokyo-Mitsubishi, Lehman Brothers, Bank of America, ABN-AMRO, Chase Manhattan, and Sumitomo Bank.
The winning institution would handle the $600-million naphtha cracker project in Limay, Bataan, which will have a capacity of 600,000 to 700,000 metric tons per year.
[DatePublished] => 2000-12-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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November 10, 2003 - 12:00am
January 22, 2003 - 12:00am
