Rapid Joint Venture Petronas and Evonik Sign Letter of Intent for Projects in Rapid Project
Petronas and Evonik Industries 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/Malaysia.
Essen/Germany – After 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/Malaysia, has been terminated by mutual agreement, another german company would like to cooperate with Petronas.
Under the LOI, Evonik and Petronas will endeavour to form a partnership to jointly own, develop, construct and operate facilities for the production of hydrogen peroxide, C4 comonomer and oxo-products within Rapid.
The plants are expected to have the capacity to produce 250,000 metric tons of hydrogen peroxide, 220,000 metric tons of isononanol and 110,000 metric tons of 1-butene annually. The hydrogen peroxide will be used on site to produce propylene oxide by the licensed, eco-friendly HPPO process Evonik had jointly developed with Thyssen Krupp Uhde. These projects are expected to come on stream in 2016.
The LOI was signed in Kuala Lumpur on 16 January. Petronas was represented by its Chief Operating Officer and Executive Vice President of Downstream Business, Datuk Wan Zulkiflee Wan Ariffin, while Evonik was represented by its Member of the Executive Board, Dr. Dahai Yu.
INA, 1-butene and hydrogen peroxide in Pengerang
The oxo-alcohol INA is a precursor of the plasticizer DINP (diisononyl phthalate), which is used in soft PVC production. The most important markets and end applications are films, wallpapers, and floorings, in addition to cables and automotive applications.
1-butene is used as a co-monomer for production of the plastic polyethylene. The most important growth regions for 1-butene are China, South-East Asia, the Middle East, and Europe.
Hydrogen peroxide is used as a bleaching agent in the paper and textile industries and for eco-friendly oxidation and disinfection.
Other major plant engineering projects can be found inGROABthe database for international engineering.