The RM40 billion Pengerang Refinery and Petrochemical plant has in Johor has been shelved. CPC unit Kuokuang Petrochemical Technology Company’s move to scrap the project was because it was no longer competitive, Bloomberg quoted a spokesman with CPC. The spokesman said the US shale gas boom was pushing down cost of petrochemicals production in the US and also due to an oversupply after expanding in China.
06-Dec-13 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}