These new refinery units will boost the local petrochemical industry and benefit other vital downstream manufacturing sectors,” Petron Chairman and CEO Nicasio I. Alcantara said.
In an earlier disclosure, Petron said that it is currently evaluating Phase 2 of its Refinery Master Plan which aims to increase conversion capacity and petrochemical feedstock production.
“We are currently studying other options to further enhance our Bataan refinery and consequently, unlock more value for our shareholders,” Alcantara concluded.
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