Petronas Chemicals enters growing oxyalkylates market via acquisition | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

KUALA LUMPUR, Sept 14 — Petronas Chemicals Group Bhd (PCG) has acquired Germany’s PCC SE’s 50 per cent stake in its Malaysian unit, PCC Oxyalkylates Malaysia Sdn Bhd (PCC-OM) to enter into the growing oxyalkylates market. PCG and PCC SE plan to build an oxyalkylates facility within the Kertih...

Monday, 14 Sep 2020 10:40 AM MYT

PCG and PCC SE plan to build an oxyalkylates facility within the Kertih Integrated Petrochemical Complex, Terengganu to produce ethoxylates and polyether polyols, said PCG. “This is another milestone for PCG in our quest to develop the Group’s specialty chemicals business segment,” PCG Managing Director/Chief Executive Officer Datuk Sazali Hamzah said.“We will continue to explore investing in more technologies and assets that will further expand our high-value chemicals portfolio, thus future proofing our business,” Sazali said.

“In PCG we have found a strong strategic partner both for this investment and also for other potential collaborations in the chemical industry,” he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World’s largest carbon market faces revamp under draft EU plan | Malay MailBRUSSELS, Sept 12 — The world’s biggest carbon trading market faces a major overhaul under European Union climate change plans to cut greenhouse gas emissions faster this decade, a draft seen by Reuters shows. Under the EU emissions trading system (ETS) factories and power plants have to buy...
Source: malaymail - 🏆 1. / 86 Read more »