Petronas Chemicals Group Bhd
Revenue for the quarter jumped 20% to RM4.7bil on the back of a significant increase in average product prices due to high demand and a tight supply environment, it said in a statement accompanying its results. "In addition to improved crude oil price, average product prices moved upward, higher than expected, by 20% to 30% due to tight supply of products stemming from the US winter storms in February.
He added that the group is optimistic over a better performance in 2021 but cautioned that product prices have begun to moderate as demand normalises.
We need to pressure companies to be responsible on their emissions, and countries too. The power is in the hands of average Joe, you and me to create awareness and pressure our elects. ClimateJustice