About Bacnotan Industrial Park Corporation (BIPC)

On 10 March 2009, Phoenix Petroleum Philippines, Inc. , a publicly-listed independent petroleum company, acquired 100% of the shares of Bacnotan Industrial Park Corporation (BIPC) from the PHINMA Group.

PPPI bought all of the 6 million shares of BIPC from Bacnotan Consolidated Industries, Inc., Trans-Asia Oil and Energy Development Corporation, Trans-Asia Power Corporation and Atlas Holdings Corporation.

PPPI’s purchase of BIPC is its biggest investment yet, and provides value in terms of location, port facilities, land inventory and synergies with the locators.

PPPI was listed on the Philippine Stock Exchange in July 2007 under the ticker symbol “PNX”, the only petroleum company to do so since the passage of 1998 Downstream Oil Deregulation Act.

After the acquisition, BIPC applied for a change of name of its industrial park project in Calaca, Batangas from Batangas Union Industrial Park to Phoenix Petroterminals & Industrial Park. The change in name was granted by HLURB in 2009.

Phoenix Petroterminals & Industrial Park (formerly Batangas Union Industrial Park) is an industrial park located in Calaca, Batangas along the deep-water portion of Balayan Bay with its own port facilities capable of handling vessels of up to 14 meters draft. The industrial park is ideal to host light to heavy industries.