PCG completes acquisition of Perstorp

Ambition to preserve and grow the value of Perstorp, focusing on its growth projects

12-Oct-2022 - Perstorp announced that it has been acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysia´s leading integrated chemicals provider and part of PETRONAS Group, on 11 October 2022. In May this year, PCG signed a Securities Purchase Agreement with Financière Forêt S.à.r.l, a company under PAI ...

Perstorp to be acquired by PETRONAS

19-May-2022 - Perstorp Group said that it is to be acquired by PETRONAS Chemicals Group Berhad (PCG). PCG announced that it has signed a Securities Purchase Agreement on 14 May 2022 to acquire the entire equity interest in Perstorp Holding AB. The agreement was signed with Financière Forêt S.à.r.l, a company ...

BASF and PETRONAS to build 2-Ethylhexanoic acid production plant

Startup planned in Q4 2016

19-Feb-2015 - BASF and PETRONAS Chemicals Group Berhad (PCG) will build a new world-scale production plant for 2-Ethylhexanoic Acid (2-EHAcid) at the site of their existing joint venture, BASF PETRONAS Chemicals, in Kuantan, Malaysia. The construction of this plant, which will be the first of its kind in the ...

PETRONAS and Evonik Industries sign Letter of Intent for projects in Rapid Project

25-Jan-2013 - 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. Under the LOI, the two parties will ...

PETRONAS and BASF terminate Heads of Agreement for joint project in Pengerang

22-Jan-2013 - BASF and PETRONAS announced that the Heads of Agreement (HoA) between the two parties for a joint speciality chemicals venture within PETRONAS’ Refinery & Petrochemical Integrated Development (RAPID) project in Pengerang, Johor, has been terminated by mutual agreement. The HoA was signed on March ...

Petronas and LanzaTech to Recycle CO2 into Sustainable Chemicals

16-Oct-2012 - LanzaTech, a producer of low-carbon fuels and chemicals from waste gases, and PETRONAS, the national oil company of Malaysia will work together to accelerate the development and commercialization of technologies to produce sustainable chemicals from carbon dioxide (CO2) and natural gas. The ...

PETRONAS and BASF move ahead with expansion of partnership

08-Mar-2012 - PETRONAS and BASF have taken the next steps in the development of the previously announced €1 billion investment that will expand their partnership in Malaysia, involving projects at their existing venture in Kuantan and at a new site within PETRONAS’ proposed Refinery & Petrochemical Integrated ...

BASF and PETRONAS expand joint venture activities in Kuantan

Feasibility study for a new super absorbent polymers plant

30-Mar-2011 - BASF and PETRONAS will commence a feasibility study for a new plant for superabsorbent polymers. The companies have also decided to look into the expansion of the existing production capacities of their joint venture BASF PETRONAS Chemicals Sdn Bhd. “Our joint venture BASF PETRONAS Chemicals ...

PETRONAS and BASF sign MoU to explore new joint investment: World-scale production of specialty chemicals

08-Dec-2010 - BASF and PETRONAS signed a Memorandum of Understanding to undertake a joint feasibility study to produce specialty chemicals in Malaysia, a move that would extend the two parties’ existing business collaboration in the country. The partners are considering a potential joint investment sum of ...

BP to Sell Malaysian Ethylene and Polyethylene Interests to Petronas

03-Sep-2010 - BP announced that it has agreed to sell its interests in ethylene and polyethylene production in Malaysia to PETRONAS. The agreement concerns BP’s 15 per cent interest in Ethylene Malaysia Sdn Bhd (EMSB) and 60 per cent interest in Polyethylene Malaysia Sdn Bhd (PEMSB), both of which are operated ...