Elastomers Petronas Enters Elastomer Business
Malaysian national oil company Petronas has joined forced with Versalis to develop, construct and operate an elastomer production as part of Petronas' planned refinery complex in Malaysia.
Kuala Lumpur/Malaysia – The facility shall be built at the new US $ 18.8 billion Refinery and Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor, Malaysia. The production will employ Versalis' technology to produce a variety of rubbers for the Asian markets.
The proposed RAPID complex is a planned green-field downstream plant with a refining capacity of 300,000 barrels per day. Apart from producing petroleum products like gasoline and diesel according to the Euro 4 and Euro 5 fuel specifications, the complex will include a variety of petrochemical production assets. Corresponding agreements have already been signed with BASF, ITOCHU, and PTT Global Chemical Public Company for various downstream chemicals.
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