Perstorp and BRB, subsidiaries of Petronas Chemicals Group (PCG), inaugurated an innovation hub in Shanghai, China. The laboratory will support growth in the region by increasing technical support for customers.
Malaysia's state energy firm Petronas, Italy's Enilive (a subsidiary of Eni), and Japanese company Euglena have reached the final investment decision (FID) to develop a biorefinery which will be located within Petronas’ Pengerang Integrated Complex (PIC) in Johor, Malaysia.
Malaysia’s leading integrated chemicals producer Petronas Chemicals Group Berhad (PCG), part of Petronas group, has reached the final investment decision (FID) to construct an advanced chemical recycling plant with a capacity of 33 kt/a. The plant, to be built in Pengerang, Johor, is the largest of its kind in Asia, said Petronas, and is expected to be operational in the first half of 2026.
2021 was historic for chemical M&As, it was a record-breaking year in terms of total value of deals. Therefore, it was expected that 2022 would only build upon this. However, the combination of high interest rates, supply chain bottlenecks and geopolitical instability saw both the number and value of deals take a significant hit throughout 2022.
Dutch storage operator Vopak and Malaysian energy company Petronas have signed a Memorandum of Understanding (MoU) to develop carbon capture and storage (CCS) in Southeast Asia.
Petronas Chemicals Group Berhad (PCG) has completed its acquisition of all shares of Swedish chemical producer Perstorp for $1.54 billion, based on an enterprise value of €2.3 billion.
Malaysian petrochemicals giant Petronas Group (PCG) has conditionally agreed to acquire all of Swedish chemical producer Perstorp from Financière Forêt, a European private equity investor belonging to PAI Partners.
Malaysian state-owned oil and gas group Petronas has signed Memoranda of Understanding (MoU) with Abu Dhabi National Oil Company (ADNOC) and renewable energy company Masdar, both in the United Arab Emirates (UAE).
Petronas Chemicals Group is to acquire 50% of Germany-based PCC’s share in PCC Oxyalkylates Malaysia, thereby entering the growing oxyalkylates market. The companies will build a plant at the Kerteh Integrated Petrochemical Complex in Terengganu. Start-up is due in 2023.
