Petronas, YHBS conduct pre-feasibility study methanol complex in Malaysia

Petronas, YHBS to conduct pre-feasibility study for methanol complex in Malaysia

10:32 AM, 16th November 2016
Petronas, YHBS to conduct pre-feasibility study for methanol complex in Malaysia

KUCHING, MALAYSIA: Petronas signed a memorandum of understanding (MOU) with Sarawak State Government unit Yayasan Hartanah Bumiputera Sarawak (YHBS) to cooperatively conduct a pre-feasibility study for a proposed methanol plant project in Bintulu, Sarawak.

The study will be conducted by both parties to assess the overall technical and commercial viability and feasibility of developing a methanol and methanol derivatives complex at the Samalaju Industrial Park, some 65 kilometres from Bintulu, Malaysia.

The MOU was signed by Adif Zulkifli, senior vice president of corporate strategy of Petronas and Tan Sri Datuk Amar Abdul Aziz Husain, deputy chairman of YHBS. And it was witnessed by Nooruddin Abdullah, head of legal upstream, Petronas and Dr Muhammad Abdullah Zaidel, Director of YHBS.

In addition, Petronas also signed heads of agreement (HOA) with Huchems Fine Chemical Malaysia Sdn Bhd (HUCHEMS) for the supply of 58 mmscfd of natural gas to HUCHEMS’ proposed petrochemical plant at the same industrial park for a period of 20 years to produce ammonia and ammonia derivatives. 

The HOA was signed by Petronas VP, Malaysia petroleum management Zamri Jusoh, witnessed by Nooruddin Abdullah and HUCHEMS Malaysia CEO Kim Ki Tai, witnessed by its HUCHEMS Group chief executive officer Choi Gyu Sung. 

Both agreements are part of Petronas’ on-going efforts to work together with the Sarawak State Government to transform Sarawak into a petrochemical hub in the region.

© Worldofchemicals News

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