KUALA LUMPUR, June 20 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) recently signed an agreement with its joint venture (JV) company, BASF PETRONAS Chemicals Sdn Bhd (BPC), to acquire the 113 kilo-tonnes per annum (ktpa) Maleic Anhydride (MAn) plant located in Gebeng, Kuantan.
The MAn plant was previously shut down by BPC following a product portfolio realignment exercise that led to the permanent closure of its Butanediol (BDO) and derivatives plant. With the acquisition, PCG will repurpose the plant by rejuvenating and upgrading the facility to produce higher quality MAn that is better suited to the food and pharmaceutical industries. PCG is currently performing a detailed assessment, which is expected to be completed in the first quarter of 2023 and subject to final approval, the plant is targeted to be ready by the first half of 2025.