The Philippine Econonomic Zone Authority (Peza) said AGandP Industrial, a subsidiary of the AGandP Group, is keen on a proposed economic zone in Libon, Albay as it explores potential sites for future manufacturing activities in the Philippines.
The visit forms part of ongoing efforts to assess the viability of the planned Bicol Region Economic Zone (BREZ), a Peza-led development that is still awaiting presidential proclamation before it can formally host locators.
The AGandP unit provides modular and industrial infrastructure for global projects, including liquefied natural gas (LNG) terminals, refineries, petrochemical plants and utilities. ‘The technical team from AGandP India and Germany who was part of the site visit was awed by the scenic beauty of Pantao and its potential for attracting foreign direct investments,’ Peza said in a statement.
Once approved, Peza said BREZ is expected to support job generation, expand exports, and create opportunities for local micro, small, and medium enterprises, particularly those linked to agriculture.
The ecozone remains in the preparatory stage, with Peza completing documentary requirements for presidential proclamation under Republic Act 7916, as amended.
Support for the project has also been raised in Congress. House Resolution 633, introduced by Former Albay Rep. Joey Salceda and adopted by the House of Representatives, calls on government agencies to expedite the required approvals for the ecozone.
For his part, Peza Director General Tereso Panga said the Pantao site offers ‘strategic advantages’ but acknowledged that further steps are needed before development can proceed.
‘What we see in Pantao is not just a promising location, but a strategic gateway for inclusive and sustainable industrial growth supported by strong local backing, improving infrastructure, and growing investor interest,’ he said. ‘While there is still work to be done, particularly in securing approvals and ensuring readiness, Peza remains fully committed to developing this ecozone into a competitive and future-ready hub for global industries.’
As part of early planning, Peza said it is exploring options to ensure stable power supply within the proposed zone.
This includes tapping AGandP’s expertise in modular LNG solutions, as well as ongoing discussions with Indonesian state-owned firm Pertamina and the Philippine National Oil Co. for a possible embedded power facility. AGandP has invested more than P8 billion in the Philippines to date and employs over 1,200 engineers and technical workers.