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 ...

Clariant and PETRONAS sign licensing collaboration

28-Mar-2014 - Clariant and PETRONAS Technology Ventures Sdn Bhd announced that they have entered into a licensing Term Sheet Agreement. The licensing collaboration term sheet was formalised at a signing ceremony held at the Kuala Lumpur Convention Centre, in conjunction with the Offshore Technology ...

BASF and PETRONAS Chemicals Group to build an aroma ingredients complex in Kuantan

First plants of integrated project operational in 2016

26-Apr-2013 - BASF and PETRONAS Chemicals Group Berhad (PCG) intend to invest USD 500 million (MYR 1.5 billion) in an integrated aroma ingredients project at their existing joint venture site BASF PETRONAS Chemicals in Gebeng, Kuantan. With this investment, the partners will help meet the globally growing ...

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 ...