Petronas is to build a new oil refinery and petrochemicals complex known as the Refinery and Petrochemicals Integrated Development (RAPID) in Southern Johor, Malaysia, with an estimated investment of $20bn.
RAPID will house a crude oil refinery with a 300,000 barrels per day capacity, and a naphtha cracker that will produce three million tonnes of ethylene, propylene, C4 and C5 olefins per year.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The development will also contain a petrochemicals and polymer complex, which will produce differentiated and highly specialised chemicals.
Petronas also plans to build a new liquefied natural gas receiving and re-gasification terminal in the area to support the complex’s energy needs.
The project is expected to be commissioned by the end of 2016.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
