Petronas and Saudi Aramco mull investment in speciality chemicals and synthetic rubber plants

09-May-17

Malaysia's state-owned oil company Petronas and Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their joint venture in Malaysia, as per Reuters. Projects being studied include speciality chemicals and synthetic rubber

Aramco signed a deal in late February to take a US$7 bln investment, in the RAPID (Refinery and Petrochemical Integrated Development) JV with Petronas in Pengerang. The cracker could produce about 600,000 tonnes of butadiene, Abdulaziz Al Judaimi, senior vice president of downstream at Saudi Aramco, told reporters.