Malaysia: Petronas Signs Agreements in Sarawak Region Malaysia's Future Petrochemical Hub
Petronas has signed an agreement with the Sarawak State Government concerning a methanol plant project and with Huchems for the supply of natural gas.
Kuching/Malaysia — Petronas signed a Memorandum of Understanding with Yayasan Hartanah Bumiputera Sarawak to jointly 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 km from Bintulu.
At the same event, Petronas also signed a Heads of Agreement with Huchems Fine Chemical Malaysia for the supply of 5.4 million m2 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.