Petronas Chemicals enters growing oxyalkylates market via acquisition | Malay Mail

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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.

 

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