PHILIPPINE NATIONAL OIL CO. (PNOC) will begin developing a site for the Philippines' first petrochemical complex $300 million project proposed by a group led by industrialist John Gokongwei (OGJ, Oct. 25, 1993, p. 38). PNOC is negotiating with Gokongwei's JG Summit Holdings Corp., Mitsui Engineering & Shipbuilding Corp., and an undisclosed third company to build a 160,000 metric ton/year, $129.6 million polypropylene plant.

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