Three projects to help catapult Petronas to petrochemical market leadership in SE Asia

Three projects currently underway will help in capacity expansion at Petronas Chemicals Group Bhd, expected to strengthen its footing as a market leader in the petrochemicals industry in South-East Asia. As per The Star, the three projects are the refinery and petrochemical integrated development (Rapid) in Pengerang, Johor, specialties chemicals project with BASF SE and a fertiliser plant in Sabah. Currently, a feasibility study is being conducted on Petronas’ US$20 bln Rapid project, expected to be completed by end of 2012. The specialty chemicals JV with BASF is also undergoing a feasibility study, which should be completed by end of 2011. A memorandum of understanding has been inked with BASF to conduct a joint feasibility study for the project estimated to cost upto RM 4 bln. Petronas Chemicals' RM1 bln fertiliser plant in Sipitang, Sabah, is expected to be operational in Q3-2014. The Sabah ammonia-urea plant can produce 2,100 tons of ammonia and 3,500 tons of urea a day.
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