BATAAN, Philippines – A huge piece of land in Limay, Bataan that was exclusively for petrochemical companies will be opened for use by other industries to attract more investors and locators.
Department of Energy (DOE) Assistant Secretary Jose Raymund Acol and outgoing Bataan 2nd district Rep. Albert Garcia, the governor-elect of Bataan, started the drafting of the Implementing Rules and Regulations (IRR) of Republic Act 10516 after public consultations expanding the utilization of the 530-hectare land area.
The law, approved by President Benigno Aquino III in May, opens the Philippine National Oil Co. (PNOC)-controlled industrial land in Lamao, Limay to energy-related companies and other economic activities.