Dateline 2012-04-05:
Petronas said today its proposed Refinery and Petrochemical Integrated Development (RAPID) project, to be located in Pengerang, Johor, is progressing as scheduled.
In a statement, Petronas said RAPID’s proposed refinery would have a capacity of 300,000 barrels per standard day and it would supply feedstock for RAPID’s petrochemical complex as well as produce gasoline and diesel that meet European specifications.
The RAPID project aimed to capitalise on the growing need for speciality chemicals and to meet the demand for petroleum and commodity petrochemical products in the Asia Pacific region by 2016.
First announced by Prime Minister Datuk Seri Najib Tun Razak on May 13, 2011, the project has achieved several important milestones in the past few months.
Following the announcement, a detailed feasibility study on the proposed project was undertaken and completed in October 2011, it said.
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Wata - Malaysian Oil and Gas Engineer 