February 25, 2018, 7:28 am
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Oil giant eyes investment

Handi Group,  one of the largest and advanced private specialty oil producers in China which supplies international energy companies such as ExxonMobil, Total, Chevron and BASF, has expressed interest to set up a petroleum refining and petrochemical manufacturing facility in the country.

Ramon Lopez, secretary of the Department of Trade and Industry in  a statement said he recently met with Handi Group president Hanling Wu where the latter discussed the possibility of investments of the company.

Lopez opened the discussion of putting up a facility in Mindanao, which  he said will be suitable for the company’s power, land, and accessibility requirements.

Lopez said Wu conveyed the need of Handi Group for a pool of technical staff, specifically engineers from the Philippines and the availability of talents in Mindanao.

 “There are a lot of universities in Mindanao that produce quality graduates and professionals in the field of engineering. We have good universities present in all parts of the Philippines,” Lopez said. 

“We welcome business intentions to strengthen our petrochemical industry, which the government actively supports. They expressed strong confidence on the business environment stability during the Duterte administration,”he added.

The Hainan-based conglomerate is engaged  in oil refinery, chemical industry, trading, investment and financing through its subsidiaries Hainan Handi Sunshine Petrochemical Co., Ltd.,  Hainan Handi Petrochemical Co. Ltd., Handi Lubricant Technology (China) Co. Ltd., Handi Sunshine Trading Co. Ltd. and Handi Investment,.
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