AC Energy Philippines spun-off its resource development business to PHINMA Petroleum and Geothermal, Inc. (“PPG”), a Philippine corporation organized on September 28, 1994. Its primary purpose is to engage in the business of oil and gas exploration and production, both domestically and internationally.
Originally named as Trans-Asia Petroleum Corporation, the company changed its name to PHINMA Petroleum and Geothermal, Inc. on May 31, 2017 to reflect its entry into the exploration and production of geothermal resources in line with its underlying mission to help the country attain energy self-reliance.
To mark PPG’s renewed commitment to energy exploration, the company will be renamed as ACE Enexor, Inc.
For more information on AC Energy Philippines’ energy resource development projects, visit http://phinmappg.com/