Evonik, Petronas JV specialty chemicals facility in Malaysia

Evonik, Petronas JV for specialty chemicals facility in Malaysia

5:03 AM, 24th January 2013
Evonik, Petronas JV for specialty chemicals facility in Malaysia
Datuk Wan Zulkiflee Wan Ariffin, Chief Operating Officer and Executive Vice President of Downstream Business, Petronas.

ESSEN, GERMANY: Petronas and Evonik Industries AG signed a Letter of Intent (LOI) to jointly embark on the development of production facilities of specialty chemicals within Petronas’ Refinery & Petrochemical Integrated Development (RAPID) project in Pengerang, Johor, Malaysia. The two parties will endeavour to form a partnership to jointly own, develop, construct and operate facilities for the production of hydrogen peroxide, C4 co-monomer and oxo-products within RAPID.

The plants will have capacity to produce 250,000 metric tonne of hydrogen peroxide, 220,000 metric tonne of isononanol and 110,000 metric tonne of 1-butene annually. The hydrogen peroxide will be used on site to produce propylene oxide by the licensed, eco-friendly HPPO process Evonik had jointly developed with ThyssenKrupp Uhde. These projects are expected to come on stream in 2016. The partnership is expected to strengthen Petronas’ position as a key downstream petrochemical player in the region.

“Evonik’s excellent track record and more than 100 years of experience in the industry, backed by its proven technical, engineering and sales support, makes them another strategic partner in the development of RAPID towards achieving the project’s final investment decision,” said Datuk Wan Zulkiflee Wan Ariffin, Chief Operating Officer and Executive Vice President of Downstream Business, Petronas.

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