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Petronas to build refinery, petrochemicals complex

May 13/2011

(ICIS) -- Malaysian state oil and gas firm Petronas will build an integrated refinery and petrochemicals complex in the countrys southern state of Johor, the company said on Friday. According to a Petronas statement, investment costs for the project have been estimated at around USD 20bn (EUR 14m), with the complex expected to be commissioned by the end of 2016.

The countrys prime minister, Najib Tun Razak, on Friday outlined details of a feasibility study for the development of the refinery and petrochemical integrated development project (Rapid) in southern Johor.

The project will include a 300.000 bbl/day crude oil refinery for the production of petroleum products, such as gasoline, jet fuel, diesel and fuel oil, the company said in the statement.

The complex will also house a naphtha cracker with a combined annual production capacity of around 3m tonnes of ethylene, propylene, C4 and C5 olefins, it said.

A petrochemicals and polymer facility is also planned for the production of propylene and ethylene oxide derivatives, phenol and bisphenol A (BPA), differentiated polypropylene (PP) and polyethylene (PE), as well as surfactants and additives for lubricants, the statement said.

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