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

14-Jun-11
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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