RAPID New $20 Bil Refinery Complex in Malaysia
Petronas wants to built a new refinery complex: RAPID. Greater in scale and scope than that of the company's Melaka, Kertih and Gebeng complexes combined, the proposed development is expected to turn Southern Johor into another major petroleum and petrochemical centre in the region.
Southern Johor/Malaysia – In a move to expand its petrochemicals business and further spur the growth of Malaysia’s oil and gas downstream sector, Petronas plans to embark on a new integrated refinery and petrochemicals complex in Southern Johor. The engineering project, named RAPID (Refinery and Petrochemicals Integrated Development), is estimated to cost about US$20 billion and will comprise a crude oil refinery with a 300,000 barrels per day capacity, a naphtha cracker that will produce about three million tonnes of ethylene, propylene, C4 and C5 olefins per year, and a petrochemicals and polymer complex that will produce differentiated and highly-specialised chemicals. The project is expected to be commissioned by the end of 2016.
To support the development of RAPID, Petronas is also looking at the possibility of building a new liquefied natural gas receiving and re-gasification terminal in the area. The facility will not only support the energy needs of the complex but will also contribute to the efforts to diversify the sources of gas supply to meet existing and future gas demand in Peninsular Malaysia.