Among all ASEAN countries (except Brunei and Vietnam), only the Philippines have no real of integrated petrochemical industry to speak of. After a series of attempts in the past, the industry is about to take off, with the necessary support from the government and the private sector.
The PNOC Petrochemical Development Corporation(PPDC) is currently developing a petrochemical industrial estate located in Limay and Mariveles Bataan. With an area of about 500 hectares, the complex is envisioned to house the first world-class petroleum complex in the country.
At least three downstream plants are now underway: Polypropolyne, polyethylene, and the polyvinyl chloride.
A factor seen to affect the viability of the industry is the subject of incentives, fiscal and non-fiscal which will be made available to these plants. The ultimate objective is for naphtha to have a zero tariff, being the primary raw material of the cracker. Capital incentives and tax holidays are also expected to boost the otherwise marginal returns of the cracker plant.
Samahan sa Pilipinas ng mga Industriyang Kimika
Chemical Industries Association of the Philippines
