Petronas Chemicals build urea plant in Sabah

Petronas Chemicals to build urea plant in Sabah

4:58 PM, 1st July 2011
Petronas Chemicals to build urea plant in Sabah

KUALA LUMPUR, MALAYSIA: Petronas Chemicals Group Bhd will build a RM 4.53 billion ($ 1.2 billion) urea fertilizer complex in Sipitang, Sabah with a production capacity of 1.2 million tonne per annum.

The company said the project, also known as the Sabah Ammonia-Urea plant project (Samur), was conditional upon reaching agreement with the Sabah government on land related matters.

Petronas Chemicals said construction was expected to start in the second quarter of next year with the commissioning of the plant targeted for 2015.

The company currently operates two urea plants - one with a 750,000-tonne capacity in Bintulu, Sarawak and another in Gurun, Kedah with a capacity of 683,000 tonne and would have a total capacity of 2.6 million tonne with the completion of the Sipitang plant.

Datuk Wan Zulkiflee Wan Ariffin, Chairman, Petronas Chemicals, said it was part of the company’s strategy to grow the fertilizer business as Asia Pacific remained a key market.

“We’re in an advantageous position, as we’ve close proximity to the growth markets in the region. We see sustained demand in the agricultural needs for a growing population with changing food consumption patterns and the competing land utilization for higher crop yields,” he said in a statement.

The company’s President cum CEO, Dr Abd Hapiz Abdullah said the new fertiliser plant would potentially make Petronas Chemicals the second largest urea producer in the region.

The project would be undertaken by a special purpose vehicle, the newly acquired Styrene Monomer (M) Sdn Bhd, which would be renamed Petronas Chemicals Fertiliser Sabah Sdn Bhd.

© Malaysian Newspaper

 

 

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