Tag: Philippines

Fluor Offshore Solutions has been awarded an engineering, procurement and construction (EPC) support contract for Phase 3 of the Malampaya Deep Water Gas-to-Power Project in the Philippines.

Despite current global economic slowdown, Hanjin Heavy Industries & Construction (HHIC)-Phil’s Subic Shipyard won a bid to build mid-size container ships for the first time this year.

Nickel Asia Corporation (NAC), together with its partners including Sumitomo Metal Mining (SMM), will invest USD 1.4 billion to build a second nickel plant in the Philippines. Construction is currently underway and the new plant will start production in mid 2013. NAC has a 22.5% stake in the new project, while SMM has a 55% stake.

K SENG Seng Corporation (KSSC) will build new facilities to process and sell a new line of stainless steel tubes and pipes for the Southeast Asian market, particularly the  Philippine's automotive industry.

China's Jinchuan Group Ltd has renewed its interest in investing as much as USD 1.5 billion in the rehabilitation of the Nonoc nickel mines in Surigao province of the Philippines. It is reported that the company would likewise pursue other mining

The Philippine state-owned company PNOC-Alternative Fuels Corp. (Manila) has signed a USD 1.3 billion contract with UK-based NRG Chemical Engineering to build a biodiesel refinery and two ethanol plants in the Philippines.

The Philippines' Negros Island, comprising Occidental and Oriental Negros, will develop its own 54.5 megawatt hydro-electric power plant in the next five years.