BALANGA CITY—The petrochemical industry in Limay town is expected to bring in an estimate of P1 billion income in terms of taxes per year to the province of Bataan, provincial executives here said.

Bataan Gov. Enrique Garcia said the forecasted income of the province from the petrochemical industry will be realized once the three mainstream plants here expand to 100 downstream plants. He said the petrochemical industry, which produces plastic, is the biggest industry.

The governor said plastic is used in almost everything manufactured including furniture, fixtures, implements, clothing and personal wares. He said even the body of airplanes and cars is made up of 35 percent plastic using a new technology.

“My eyeglasses fell several times, but never got broken because it is partially made of plastic,” the governor said in underscoring the many uses of plastic.

Garcia almost singlehandedly fought to keep the petrochemical industry in Bataan. The national administration at that time wanted to put the industry in Batangas.

The governor said since 1988 the provincial government has been getting P150 million in taxes per year from the operation of the petrochemical industry in Limay.

He also announced that an additional P120 million in taxes per year will be collected by the provincial government with the expansion of the facilities in Limay of the petrochemical industry.

He said Bataan will collect P270 million in annual taxes from the industry starting next year.