Phoenix Petroleum Philippines, Inc. said it had broken ground for the asphalt facility it is building with local and foreign partners in Calaca, Batangas.
The project, under Phoenix Asphalt Philippines, Inc., launched on May 3. The unit is the joint venture of Phoenix Petroleum with Thailand-based Tipco Asphalt Public Co. Ltd, and PhilAsphalt Development Corp. The facility will be built at Calaca Industrial Seaport Park in Batangas.
“The groundbreaking for the asphalt facility is a big development in our plans for Phoenix Asphalt Philippines. This new venture maximizes synergies of our well-established business in fuels with the construction sector, as we aim to provide a better and improved quality of asphalt in support of the government’s Build, Build, Build campaign,” said Henry Albert R. Fadullon, Phoenix chief operating officer, in a statement. — Victor V. Saulon

RELATED ARTICLESMORE FROM AUTHOR