Datuk Wan Zulkiflee Wan Ariffin, Chairman, Petronas Chemicals Group Berhad.
KUALA LUMPUR, MALAYSIA: BASF and Petronas Chemicals Group Berhad (PCG) intend to invest $500 million in an integrated aroma ingredients project as part of their existing joint venture BASF Petronas Chemicals in Gebeng, Kuantan, Malaysia. With this investment, the partners will help meet the globally growing demands of customers in the flavour and fragrance industry, especially in Asia Pacific.
At the heart of the complex will be a plant for citral and precursor plants. The partners will also invest in downstream production for aroma ingredients including a new world-scale plant for L-menthol and a plant for citronellol. Production will be developed in phases, with the first plants of the project operational in 2016, creating some 110 new employment opportunities.
“The integrated aroma chemicals complex will open up a new business frontier for PCG, tapping into the flavours, fragrance and pharmaceuticals markets. This indeed presents exciting prospects for the company, as we endeavor to provide innovative customer solutions,” said Datuk Wan Zulkiflee Wan Ariffin, Chairman, Petronas Chemicals Group Berhad.
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