KUALA LUMPUR, Sept 14 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) recently entered into a Shares Sale and Purchase Agreement (SSPA) with PCC SE to acquire 50% of the latter’s shares in its Malaysian subsidiary, PCC Oxyalkylates Malaysia Sdn Bhd (PCC-OM), marking its entry into the growing oxyalkylates market.
Oxyalkylates are a group of chemicals comprising ethoxylates, a non-ionic surfactant, and polyether polyols. These chemicals are used for the manufacture of a wide range of end products. Ethoxylates are used among others, in the production of detergent, home care and personal care products, while polyether polyols are mainly used to produce foam mattresses and upholstery applications. Demand for these two chemicals are expected to grow especially in the South East Asia (SEA) and Asia Pacific regions.