Davao Oriental Eco Industrial Park Updates: Banaybanay Relocation Site

A relocation site at Banaybanay Davao Oriental has been proposed for the Davao Oriental Eco Industrial Park Project.

The Davao Oriental Eco Industrial Park project is by far the biggest investment in Davao Oriental, which opened its arms to Under the MOU, a 1,500- hectare industrial park will be constructed in Banaybanay, Davao Oriental.

The project includes a liquified natural gas storage and processing facility, oil refinery and petrochemical plant, oil, tanking, and a 1,200-megawatt LNG combined cycle power plant, among others.

The MOU was signed after the Davao Oriental provincial council passed a resolution authorizing the governor to enter into an agreement with Pionaire Finance Limited.

More updates will be posted soon.

The Eco Industrial Park Project of Davao Oriental and Pionaire

Back in March 2018, Davao Oriental signed a Memorandum of Understanding (MOU) with Pionaire FinanceLimited for a $27 billion industrial park that will soon rise in Banaybanay, Davao Oriental in a ceremony at the Marco Polo Hotel in Davao City.

The project in Davao Oriental will rise in a 1,000-hectare area in the recipient barangays of Banaybanay, Davao Oriental. 

The location is being considered strategic because of the presence of the Davao Gulf.


Expect more updates soon.

Recipient Barangay Welcome The Construction of the Davao Oriental Eco Industrial Park

BANAYBANAY, DAVAO ORIENTAL — Residents of a Barangay in Banaybanay town where the eyed $27B Davao Oriental Eco Industrial Park will soon de developed, say they “welcome the idea of having the project realized in their area.”

During a recent Barangay Assembly attended by more than 600 villager, the residents of the barangay have expressed their eagerness to have the project started as it promises a lot of opportunities.

Representatives from Provincial and Local Government Units, Pionaire Finance Limited, and its local counterpart have joined the assembly to further explain the Eco Industrial Park project plan as well as the benefits they would be getting out from this project.

The residents have been told and assured by the resource persons that all necessary requirements will be complied with and that the welfare of the surrounding communities will be a top priority.

As part of their Corporate Social Responsibility (CSR), additional initiatives to put up a hospital, educational institutions, environmental, disaster preparedness and mitigation, and housing projects and relocation sites are all incorporated into the plan.

Davao Oriental Provincial Chief of Staff Ednar Dayanghirang, representing Provincial Governor Nelson Dayanghirang, said that the assembly is a “continuing community-based conversation to ensure inclusive Good Governance under Governor Nelson Dayanghirang’s leadership”.

Davao Oriental Governor's Chief of Staff Provides Updates on the $27B Eco Industrial Park

Ednar G. Dayanghirang, chief of staff of Davao Oriental Governor Dayanghirang and the governor’s representative to the eco industrial park, said the province and its partners including  Pionaire Finance Limited are now identifying about  2,000 hectares required in the development of the eco industrial park in the town of Banaybanay.

He said that the project which is one of the biggest investments in Mindanao is set to benefit not only the province of Davao Oriental but also the rest of the Philippines.

The soon-to-rise industrial park will also feature the following:

• LNG and LPG Storage and Receiving terminals
• Regasification Facility
• 10 million MT Storage Tanks and Terminal for crude oil
• Steel Plant
• International Port and Cargo Terminal
• Light Industry
• Textile Park
• Mechanical Park
• Electronic and Construction Materials
• Agribusiness Park
• Logistic and Commercial Park
• Manufacturing Facilities for Prefabricated homes

The $27-billion eco industrial park  is expected to generate around 15,000 jobs in the province of Davao Oriental.

What is the Davao Oriental Eco Industrial Park?

The Davao Oriental Eco Industrial Park is a $27 billion industrial park that will soon rise in Banaybanay, Davao Oriental.

Davao Oriental signed a Memorandum of Understanding (MOU) with Pionaire FinanceLimited in a ceremony at the Marco Polo Hotel in Davao City on March 20.

Under the MOU, a 1,500- hectare industrial park will be constructed in Banaybanay, a Davao Oriental municipality and part of the plan is to establish an international port for cargo vessels.

The project includes a liquified natural gas storage and processing facility, oil refinery and petrochemical plant, and a 1,200MW power plant, among others.

The Public-Private Partnership (PPP) project will be composed of 1200MW liquefied natural gas combined cycle power plant; chemical industrial park; water-generation manufacturing facility; LPG & Storage Terminal; 20M metric tons refinery; Petrochemical Complex; and a storage facility together with an associated Terminal and International Port and Cargo Terminal.

The project in Davao Oriental will rise in a 1,000-hectare area. The location is being considered strategic because of the presence of the Davao Gulf.

The investors emphasized that with the project’s realization, the community’s welfare will be taken care of. Initiatives in putting up hospitals, school, environmental, disaster preparedness, and housing projects and relocation sites will be part of the ambitious project.

Case Dismissed against PNOC-EC and Pionaire for Alleged Anti-Graft Law Violations and Grave Misconduct

An Ombudsman case for violation of Section 3 (a), (e), (g), (i) and (j) of R.A. No. 3019 and Grave Misconduct filed by Complainant Mr Bernardo V. Lopez has been dismissed against the Respondents PNOC President, PNOC Board of Directors and the Chairman and CEO of Pionaire Finance Limited.

The PNOC-EC is a government-owned and controlled corporation while Pionaire is a foreign company registered in the British Virgin Islands. Both of these companies engage in petroleum trade internationally.

The Respondents were charged in connection with the PNOC-EC Boards passage of a resolution authorizing the PNOC President/CEO to enter into a Memorandum of Understanding (MOU) with Pionaire involving a joint business venture in international petroleum trade.

In these cases, complainant failed to substantiate his allegations that respondents committed the criminal offenses charged.

The Ruling is stated as follows:

• The charge for violation of Section 3 (a) of R.A. No. 3019 against the respondent PNOC President/CEO failed because there was no evidence presented showing that he persuaded, induced, or influence his co-respondents to approved the Resolution.
• The charge for violation of Section 3 (e) of R.A. No. 3019 failed because there was no evidence presented showing that public respondents caused undue injury to the government or any party or gave Pionaire unwarranted benefits, advantage, or preference.
• The charge for violation of Section 3 (g) of R.A. No. 3019 failed because their was no evidence presented showing that the MOU was manifestly and grossly disadvantageous to the Government.
• The charge for violation of Section 3 (i) of R.A. No. 3019 failed because there was no evidence presented showing that public respondents directly or indirectly had become interested, for personal gain, or had material interest in any transaction or act requiring their approval.
• The charge for violation of Section 3 (j) of R.A. No. 3019 failed because there was no evidence presented showing that public respondents knowingly approved or granted any license, permitm privilege, or benefit in favor of Pionaire.

The complaint filed against the respondents was dismissed March 28 in the Office of the Ombudsman, Quezon City, Philippines by Graft Investigation and Prosecution Officer II John Paul Galang and approved by Ombudsman Conchita Carpio Morales.

Stakeholders Visit Davao Oriental's Proposed Eco-industrial Park Location

Sunny morning of June 10, 2018, Sunday, Collaborative Industrial Revolution Inc.(CIRI) with Shangdong Electric Power Engineering Consulting Institute Co., Ltd. went a shoreline ocular inspection on what is said to be the location for the Liquified Natural Gas(LNG) power plant of the DAVAO ORIENTAL ECO-INDUSTRIALPARK (DOEIP) to be constructed in Banaybanay, Davao Oriental.   

Together with Honorable Barangay Captain and Municipality Councilor Jokarnain Tamboang who provided the necessary assistance to carry-out the task.

The main objective of the team was to carefully assess and analyze the landscape of the proposed location to come up with a favorable design with factors like tide, sea depth, accessibility, etc. to be considered which are the key points for the construction of the power plant.  

Truly, having a 1,500has. Eco-industrial park is a bold task and a big dream but with Shandong Electric Power Engineering Consulting Institute Co., Ltd. as our strong partner-investor who has finished over 600 planning and consulting projects on power generation and transmission & transformation this dream is within reach.  

Their power planning and consulting services have reached to more than 20 countries/regions including Fiji, United Kingdom, Italy, Uruguay and BCIM.

When all the data needed were collected the team reconvened and discussed furthermore during a late lunch at Green Cuisine, a local restaurant.

It is reassuring to see that we have partnered with strong and reputable companies who have proven their services through their results regardless of communication gap.  The strive to bring progress, development and better lives will always be our top priority.

Multi-billion-dollar Investment In Davao Oriental

DAVAO ORIENTAL – The Province of Davao Oriental and its partner Pionaire Finance Limited, Inc.'s $27 Billion Marina and Industrial Park, which is being eyed to be established in Banaybanay, Davao Oriental, will likely have to wait as the Provincial Government wants to further evaluate and study the proposed project before fully engaging on the big-ticket deal.

The heads of offices of the province in a recent meeting with CEO Asllan Jaku of Pionaire Finance Limited, the lead company for the aforementioned investment, have initially agreed to require the firm to submit the master plan for the proposed Davao Oriental project for evaluation.


The Pionaire Finance Limited, together with its partner Shenzen Energy Group Co., Ltd., based in China, intends to study, finance, and develop a marina and industrial park in a 1,000-hectare proposed Economic Free Trade Zone at Barangay Maputi in Banaybanay.

The proposed marina and industrial park will be composed of 1200MW gas-steam combined cycle power plant and Liquefied Natural Gas-Fired Power Plant; oil refinery; petrochemical complex; storage facility, and associated terminal; and import and export LPG storage and terminal.

The industrial park's storage facility can provide for the future oil and energy stockpiling requirements of the Philippine Government.