Dateline 2025-11-17, The Edge Malaysia:
A proposed downstream petrochemicals facility to be developed by Singapore-based ChemOne Group in Pengerang, Johor, is experiencing a setback in achieving financial close, sources say, due to potential cost escalation on the part of its construction partner.
The US$5.32 billion (RM22.3 billion) project is considered one of the handful of major investments in the Pengerang Integrated Petroleum Complex (PIPC), Malaysia’s largest petrochemicals hub.
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Wata - Malaysian Oil and Gas Engineer 