Petronas, Evonik Sign Letter of Intent for Projects in RAPID Project

Petronas and Evonik Industries signed a Letter of Intent (LOI) to jointly embark on the development of production facilities of specialty chemicals within Petronas' Refinery & Petrochemical Integrated Development (RAPID) project in Pengerang, Johor.

Under the LOI, the two parties will endeavour to form a partnership to jointly own, develop, construct and operate facilities for the production of hydrogen peroxide, C4 comonomer and oxo-products within RAPID.

The plants are expected to have the capacity to produce 250,000 metric tons of hydrogen peroxide, 220,000 metric tons of isononanol and 110,000 metric tons of 1-butene annually. The hydrogen peroxide will be used on site to produce propylene oxide by the licensed, eco-friendly HPPO process Evonik had jointly developed with ThyssenKrupp Uhde. These projects are expected to come on stream in 2016.