(C&EN) -- Malaysian state-owned oil refiner Petronas plans to build a USD 20 billion oil refinery and petrochemical complex in the state of Johor. And Saudi Basic Industries Corp. (SABIC) is going ahead with a polycarbonate investment in China and a large rubber project on its home base in Saudi Arabia.
Petronas says its refinery will have a processing capacity of 300.000 barrels per day. Its petrochemical complex will crack naphtha to annually produce 3 million metric tons of ethylene, propylene, and other olefins. A Petronas spokesman tells C&EN that the project, to be commissioned in 2016, is still in the early stages and that more details will come later.