PETRONAS build refinery petrochemical complex in Malaysia

PETRONAS to build refinery and petrochemical complex in Malaysia

1:10 PM, 8th June 2011
PETRONAS to build refinery and petrochemical complex in Malaysia
Dato’ Shamsul Azhar Abbas, President and CEO, PETRONAS.

KUALA LUMPUR, MALAYSIA: PETRONAS, in a move to expand its petrochemicals business and further spur the growth of Malaysia’s oil and gas downstream sector, plans to embark on a new integrated refinery and petrochemicals complex in Southern Johor, Malaysia.

 

Still at the detailed feasibility study stage, RAPID is estimated to cost about $ 20 billion and will comprise a crude oil refinery with a 300,000 barrels per day capacity, a naphtha cracker that will produce about three million tonne of ethylene, propylene, C4 and C5 olefins per year and a petrochemicals and polymer complex that will produce differentiated and highly-specialised chemicals.

 

The development is expected to turn Southern Johor into another major petrochemical centre in the region. The project is expected to be commissioned by the end of 2016.

 

“Looking ahead, RAPID is expected to attract significant investments from international companies within and further down the business value chain. This new phase of nation-building will put Malaysia into a new frontier of technology and economic development,” said Dato’ Shamsul Azhar Abbas, President and CEO, PETRONAS.

 

To support the development of RAPID, PETRONAS is also looking at the possibility of building a new liquefied natural gas receiving and re-gasification terminal in the area. The facility will not only support the energy needs of the complex but will also contribute to the efforts to diversify the sources of gas supply to meet existing and future gas demand in peninsular Malaysia.

(C) WOC News

 

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