Sarawak Government, Petronas working on Petrochemical Master Plan

25-Nov-16

The Sarawak government and Petronas are currently undertaking the Sarawak Petrochemical Master Plan study covering the coastal areas of the state. Assistant Minister of Industrial Development (Investment and Promotion) Datuk Julaihi Narawi said the study will look into the technical, commercial and economic feasibility of the petrochemical development in Sarawak, as per theborneopost.com

“Among others, the study is expected to identify and recommend the suitable oil and gas downstream industries that the state can explore,” he said. Currently 100% of oil resources and 93% of gas resources are exported in raw form such as crude oil and liquefied natural gas (LPG). “It is the intention of the state government to establish a robust downstream industry to increase participation in the higher value chain and thus creating a more sustainable industry for the state amidst the declining resources. Gas-based petrochemical (PetChem) industry is being pursued by the state. In view of the gas composition which is high in methane content, therefore ammonia (and its derivatives) or methanol (and its derivatives) are the most viable options for the state’s PetChem industry