KUALA LUMPUR, June 13 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) has reached the final investment decision (FID) to fully acquire the 113 kilo-tonnes per annum (ktpa) Maleic Anhydride (MAn) plant located in Gebeng, Kuantan from BASF PETRONAS Chemicals Sdn. Bhd. (BPC).
The plant will broaden PCG’s product portfolio and its derivatives to further strengthen PCG’s derivatives product offerings. The FID signifies the start of the plant’s project execution phase that will upgrade and rejuvenate the facilities to produce refined MAn, which is targeted to be ready by second half of 2025.