Petronas Chemicals enters oxyalkylates market via 50% stake in PCC SE’s Malaysian unit

Petronas Chemicals Group Bhd has acquired a 50% stake in German company PCC SE’s Malaysian unit, PCC Oxyalkylates Malaysia Sdn Bhd , to enter the growing oxyalkylates market.

The partners also intend to establish a joint research and development centre at PCC-OM to ensure a high level of innovation and fulfilment of individual customer requirements.“This is another milestone for PCG in our quest to develop the Group’s specialty chemicals business segment,” PCG managing director/chief executive oficer Datuk Sazali Hamzah 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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