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 … Read more
Petronas Chemicals Group Bhd (PCG) has reported a strong performance in 2022, despite geopolitical conflicts, market volatilities, and industry challenges. The company is now focusing on expanding its specialties portfolio after its acquisition of Sweden-based Perstorp Group. PCG’s new specialty chemicals division will manage and steer critical strategic priorities supporting the group’s long-term aspirations in … Read more
Petronas Chemicals Group Berhad (PCG) signed an agreement with BASF Petronas Chemicals Sdn Bhd (BPC) to acquire Maleic Anhydride (MAn) plant located in Gebeng, Kuantan. BASF Petronas Chemicals Sdn Bhd (BPC) is PCG’s joint venture (JV) with BASF. The capacity of the said Maleic Anhydride (MAn) plant is 113 kilo-tonnes per annum (ktpa). The MAn … Read more
Perstorp AB announced that it will be acquired by PETRONAS Chemicals Group Berhad (PCG, Kuala Lumpur, Malaysia). PCG signed a Securities Purchase Agreement on 14 May 2022 to acquire the entire equity interest in Perstorp Holding AB. The agreement was signed with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm. … Read more
Petronas signed a Memorandum of Understanding (MoU) with KDEB Waste Management (KDEBWM) and One Biosys Sdn Bhd for the supply of plastic waste from landfills and evaluation of potential collaboration to build waste segregation facilities in Malaysia. Under the MoU, KDEBWM and One Biosys will supply plastics waste that consists of polyethylene (PE), polypropylene (PP) … Read more
BASF Petronas Chemicals Sdn Bhd (BPC), a joint venture between BASF and PETRONAS Chemicals Group Berhad (PCG), intends to expand the annual production capacity of 2-Ethylhexanoic Acid (2-EHA) from 30,000 to 60,000 metric tons by 2024. “We are committed to supporting our customers’ growing demand in various 2-EHA downstream ap-plications, such as synthetic lubricants for … Read more
BASF PETRONAS Chemicals Sdn Bhd (BPC), a joint venture between Germany’s BASF and Malaysia’s PETRONAS Chemicals Group Berhad (PCG) said it will close its butanediol (BDO) and derivatives plant at Kuantan, Malaysia, as part of its product portfolio realignment. The closure will take effect in March 2021, but will not impact other plants within the … Read more
PETRONAS Chemicals Group Berhad (PCG) and LG Chem recently inked an agreement to build a Nitrile Butadiene Latex (NBL) manufacturing plant at Pengerang Integrated Complex (PIC) in Johor. PCG said in a press release that this facility will target the growing nitrile glove market, further strengthening Malaysia’s position as the largest exporter of gloves globally. … Read more
Petronas Chemicals Group (PCG) has completed the acquisition of Da Vinci Group BV after fulfilling the conditions required in the share purchase agreement to complete the acquisition of 100% of the share in Da Vinci. PCG has agreed earlier this year to buy the Dutch specialty chemicals firm for a reported €163m (US$182m). In a … Read more
Petronas Chemicals Group Berhad (PCG) has announced on Thursday that it has entered into a Sale and Purchase Agreement (SPA) to acquire 100% of Da Vinci from its shareholders for $163 million (about RM 760.6 million). Da Vinci’s shareholders include amongst others, funds managed by Bencis Capital Partner. Petronas Chemicals said the full cash consideration … Read more