PETRONAS and BASF have taken the next steps in the development of an €1 billion investment that will expand their partnership in Malaysia. The involving projects are to be implemented between 2015 and 2018.
Refinery & Petrochemical Integrated Development (RAPID) complex, Pengerang
(BASF 60 %; PETRONAS 40 %)
Both companies entered into a “Heads of Agreement” (HOA) for the development of this new project to jointly own, develop, construct, and operate production facilities for isononanol, highly reactive polyisobutylene, non-ionic surfactants, methanesulfonic acid, and plants for precursor materials. These world-scale facilities will become an integral part of the PETRONAS’ RAPID project.
BASF PETRONAS Chemicals Sdn Bhd, Kuantan
(BASF 60 %; PETRONAS 40 %)
They are also making progress with the feasibility study to expand the operation of BASF PETRONAS Chemicals which was founded in 1997. They are considering the expansion of their C3 value chain with a new plant for superabsorbent polymers, as well as the expansion of the production capacity of their existing glacial acrylic acid unit.
Currently it operates an integrated complex with acrylic monomers, oxo products, and butanediol production facilities at the Gebeng Industrial Zone, Pahang.
- PETRONAS, Kuala Lumpur, Malaysia
- BASF SE, Ludwigshafen, Germany
