Olongapo SubicBay BatangGapo Newscenter

Friday, November 07, 2008

GMA inaugurates fuel blending plant in Subic

SUBIC Bay Freeport -- President Macapagal-Arroyo inaugurated Petron first fuel additive blending plant at the Subic Techno Park here yesterday morning. The President spoke of the country’s bright economic outlook saying the Petron investment reaffirms the Philippines’ image as a top investment destination.

The US$2.5-million plant equates to more job and income opportunities for Filipinos in and around the Freeport Zone.

The plant will have a blending capacity of 50 metric tons with a maximum bulk capacity of 770 metric tons per day.

Mrs. Arroyo was joined by Energy Secretary Angelo Reyes, Bataan Gov. Enrique Garcia, Zambales Gov. Amor Deloso, Zambales 1st district Rep. Mitos Magsaysay and their counterparts in Bataan, Subic Bay Metropolitan Authority officials and Petron chairman Nicasio Alcantara.

Innospec is a leading global fuel additives supplier. Traditionally, Innospec products used in Asia were sourced from Europe. Roughly 80 percent of the facility’s production will be exported to the Asia-Pacific region while the rest will be exclusively used by Petron for its world class fuels – Blaze, XCX, Xtra Unleaded, E10 Premium and DieselMax. By: Mamer Bañez - Journal online

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