+ Follow PETROCHEMICAL CORP Tag
PETROCHEMICAL CORP
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 187309
[Title] => Downstream alliance proposes tolling scheme for Bataan Polyethylene Corp
[Summary] => Efforts are being made to keep the Bataan Polyethylene Corp. (BPC) operational through a tolling arrangement with end-users.
Raul T. Concepcion, convenor of the Alliance of Concerned Dowstream Industries and End Product Manufacturers, said yesterday that there is a proposal to create a consortium of big end-product users which would import the monomers and have the BPC process the ingredients through a tolling arrangement.
[DatePublished] => 2002-12-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 185871
[Title] => Petronas keeps 38.5% stake in Bataan Polyethylene
[Summary] => Malaysia’s Petronas will not sell its 38.5-percent stake in Bataan Polyethylene Corp. (BPC), following the decision of British Petroleum to sell its shares in the firm, government sources said yesterday.
They said Petronas is not selling its stake in BPC and is still reportedly interested in pursuing the naphtha cracker project.
"However, Petronas is not increasing its stake either in BPC following the decision of British Petroleum to sell its 38.5-percent share in BPC," the sources disclosed.
[DatePublished] => 2002-11-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 167324
[Title] => Petrocorp needs $100M to pay debts, finance operations
[Summary] => Petrochemical Corp. of Asia Pacific (Petrocorp) will need fresh capital of about $100 million or P5 billion to pay off some of its debts and for additional working capital.
This was disclosed yesterday by Petrocorp chief executive officer Henry Leung who said that the petrochem firm has not been able to operate profitably since it started operation in 1998 due to the general decline in economic activity.
Petrocorp along with two other petrochemical firms are also facing stiff competition from imported polypropylene resins.
[DatePublished] => 2002-07-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 166755
[Title] => RP, Malaysia, Brunei keen on naphtha project
[Summary] => The Philippines, Malaysia and Brunei are still seriously pursuing plans to put up a naphtha cracker plant in the country.
Petrochemical Corp. of Asia and the Pacific chief operating officer Henry Leung said "the ball is now in the court of the government to proceed with the project."
"The private proponents are ready to proceed with the project as long as the government is able to assure certain conditions such as tariff protection and adequate market," Leung said.
[DatePublished] => 2002-07-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 150586
[Title] => Petronas set to firm up equity in naphtha plant
[Summary] => Petroliam Nasional Berhad (Petronas), the largest oil firm in Malaysia, is expected to firm up its equity participation in the Philippines’ first ever multi-billion dollar naphtha cracker plant project in the next few days.
According to Philippine National Oil Co. (PNOC) sources, an investment team from Petronas will arrive in the country before the end of this month or early March to finalize its participation.
Last year, Petronas had expressed a keen interest in acquiring at least 20-percent equity in the first phase of the $600-million cracker project.
[DatePublished] => 2002-02-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 149526
[Title] => FPI calls for gov’t-private sector talks on naphtha
[Summary] => Federation of Philippine Industries chairman Raul T. Concepcion said yesterday that he would call a meeting with the Department of Trade and Industry, Economic Planning Secretary Dante Canlas, members of the Association of Petrochemical Manufacturers and PNOC-Petrochemical Corp.
[DatePublished] => 2002-02-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 95825
[Title] => GMA orders review of tariff on petrochem
[Summary] => The Philippines will discuss with its ASEAN neighbors the possible deferment of tariff liberalization of the petrochemical industry.
Trade Secretary Manuel Roxas II said yesterday he has gotten the go signal from President Macapagal-Arroyo.
The Philippines is a signatory of the ASEAN Free Trade Agreement (AFTA) which will open up the region to the free flow of goods and services starting 2003.
[DatePublished] => 2001-04-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[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] =>
)
[8] => Array
(
[ArticleID] => 96475
[Title] => RP, Sokor trade row to be resolved soon
[Summary] => A trade dispute between the Philippines and South Korea may be resolved as trade officials from both countries finally agreed to meet in the next few months to iron out their differences.
Industry sources said that Philippine and Korean trade representatives met earlier this year in Geneva to hold preliminary talks regarding their disagreement over high tariff walls imposed by the Philippine government on Korean petrochemical products.
[DatePublished] => 2001-03-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 96396
[Title] => Government asked to keep import tariff on petrochem products at 15% till 2010
[Summary] => Major players in the petrochemical industry want an assurance from the government that the existing 15-percent tariff on petrochem products will be maintained until 2010.
"If the (naphtha cracker project) pushes through, then the government will make the right representation," Chemphil Group chairman and Petrochemical Corp. of Asia-Pacific (Petrocorp), president Antonio M. Garcia said, adding that for the petrochem industry to prosper in the coming years, the tariff rates should be maintained.
[DatePublished] => 2001-03-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
