Petronas enters growing oxyalkylates market via acquisition

Petronas enters growing oxyalkylates market via acquisition

5:48 AM, 16th September 2020
Datuk Sazali Hamzah, Petronas Chemicals Group (PCG) MD & CEO said the company will continue to explore investing in more technologies and assets to further expand the high-value chemicals portfolio, thus future proofing company business. (File Photo)

KUALA LUMPUR, MALAYSIA: Petronas Chemicals Group Bhd (PCG) has acquired Germany’s PCC SE’s 50 per cent stake in its Malaysian unit, PCC Oxyalkylates Malaysia Sdn Bhd (PCC-OM) to enter into the growing oxyalkylates market, reported Malay Mail.
PCG and PCC SE plan to build an oxyalkylates facility within the Kertih Integrated Petrochemical Complex, Terengganu to produce ethoxylates and polyether polyols, said PCG.
“The construction of the facility is targeted to commence in 2021 while production is scheduled to begin in 2023,” it said in a statement.
The partners also intend to establish a joint research and development (R&D) centre at PCC-OM to ensure a high level of innovation and fulfilment of individual customer requirements.
“This is another milestone for PCG in our quest to develop the Group’s specialty chemicals business segment,” PCG managing director/chief executive officer Datuk Sazali Hamzah said.
This is PCG’s first foray into the specialty oxyalkkylates market.
“We will continue to explore investing in more technologies and assets that will further expand our high-value chemicals portfolio, thus future proofing our business,” Sazali said.
Waldemar Preussner, chairman of the Administrative Board of PCC SE said the Kertih site is ideal due to raw materials availability and excellent infrastructure with a direct seaport access, thus ensuring competitive production and logistics costs.
“This project enables us to leverage the know-how we have gained from decades of oxyalkylates production in our facility and the new R&D centre for customers in Asia will create a pathway for expanding our product portfolio.
“In PCG we have found a strong strategic partner both for this investment and also for other potential collaborations in the chemical industry,” he said.
Oxyalkylates are a group of chemicals comprising ethoxylates, a non-ionic surfactant, and polyether polyols. These chemicals are used for the manufacture of a wide range of end products.
Ethoxylates are used among others, in the production of detergent, home care and personal care products, while polyether polyols are mainly used to produce foam mattresses and upholstery applications.
Demand for these two chemicals are expected to grow especially in the South-east Asian and Asia-Pacific regions.
PCC SE, headquartered in Duisburg, Germany, is a global surfactant player with an established know-how gained over several decades in the development and production of surfactants and polyols.
It established PCC-OM in 2017 with the intention to expand into the Asian region, the news agency Bernama reported.
© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Fluor completes Valvoline's new lubricants facility in China

IRVING, US: Fluor Corporation said it has safely achieved mechanical completion of Valvoline’s new lubricants facility in Zhangjiagang, China, a ...

Read more
AkzoNobel receives Boeing nod for color blending in China

AMSTERDAM, THE NETHERLANDS: AkzoNobel's aerospace coatings facility in Dongguan, China, has been qualified by aircraft manufacturer Boeing to color bl ...

Read more
SABIC, Elkamet partner to use renewable feedstock in lighting uses

SITTARD, THE NETHERLANDS: SABIC announced its partnership with Elkamet Kunststofftechnik GmbH, an industry leader in the plastics processing industry. ...

Read more
LAVVAN files $881 million patent infringement lawsuit against Amyris

NEW YORK, US: LAVVAN Inc announced that it has filed an $881 million lawsuit against biotechnology company Amyris Inc relating to Amyris's use of inte ...

Read more
ALTANA acquires metallic 3D printing material makers TLS and AMT

WESEL/HARTENSTEIN/BITTERFELD, GERMANY: ALTANA said it is acquiring TLS Technik GmbH & Co Spezialpulver KG, an internationally leading manufacturer ...

Read more
Dow to divest US Gulf Coast marine, terminal operations to Royal Vopak

MIDLAND, US: Dow said it has agreed to divest certain US Gulf Coast marine and terminal operations and assets to Vopak Industrial Infrastructure Ameri ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X