Commentary: Ambitious oil facility in Pengerang, Johor a gamble given global climate change agenda


Dateline 2021-08-XX, Channel News Asia:

One of the most ambitious projects of Petronas, Malaysia’s national oil company, will soon be fully operational.

The Pengerang Integrated Complex (PIC), in the southern state of Johor, is poised to transform the country’s footprint in oil refining and petrochemical production. Spread across 2,550 ha and the result of a US$27 billion investment in partnership with Saudi Aramco, PIC will house a new site of downstream oil operations. However, at a time when the world is increasingly stressing the importance of green development and phasing out fossil fuels, are Malaysia and Petronas making the right bet?

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This entry was posted on Wednesday, August 11th, 2021 at 6:55 am and is filed under investment. 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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