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METRO MANILA--February 6, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--The Philippines' JG Summit Olefins (Batangas City) has placed its petrochemical plant on an indefinite commercial shutdown due to economic downturns. JG Summit management projects that a possible scenario would be to restart the plant after five to 10 years, after global demand for petrochemicals catches up with supply by the end of this decade.
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