KUALA LUMPUR, Aug 29 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) and PCC SE today signed a Letter of Expression (EOI Letter) with Mentri Besar Trengganu (Incorporated) or MBI, a Terengganu state-owned company, for MBI to undertake a due diligence on PCG PCC Oxyalkylates Sdn. Bhd. (PCGPCC). PCGPCC was established in 2020 as a joint venture between PCG and PCC SE to build an Oxyalkylates plant in Kerteh, Terengganu.
With the signing today, the State will undertake the relevant due diligence to make a final investment decision for MBI to acquire from the current shareholders a total of 5% equity in PCGPCC.
