Malaysia’s Petronas Chemicals pins hopes on Saudi Aramco JV


Dateline 2021-03-25, NikkeiAsia:

 Malaysia’s Petronas Chemicals Group is pinning its hopes on a long-awaited $16 billion Saudi-backed refinery and petrochemical project as it seeks to boost slumping profits while investigating possible new acquisitions, its top executive told Nikkei Asia.

The Pengerang Integrated Complex (PIC) joint venture in the southern state of Johor is a portion of the larger $27 billion Pengerang Integrated Petroleum Complex mooted in 2012. Saudi Aramco — Saudi Arabia’s national oil producer — is to supply half of the crude feedstock for the refining portion and share half of the output.

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This entry was posted on Tuesday, April 13th, 2021 at 6:52 am and is filed under Chemical. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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