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KNM Group Bhd and Zecon Bhd signed preliminary deals with Gulf Asian Petroleum

July 26/2011

(Plastemart) -- KNM Group Bhd and Zecon Bhd signed preliminary deals worth RM17 bln in total with Gulf Asian Petroleum Sdn Bhd (GAP) to build an integrated petrochemical complex in Teluk Ramunia, Johor, Malaysia. Under the deal, KNM Group and Zecon together with a Korean or Chinese contractor will form a consortium to undertake the petroleum refinery and polypropylene unit projects.


The engineering, procurement, construction and commissioning contracts were for a 150,000-200,000 bpd petroleum refinery and 400,000-525,000 mln tpa polypropylene unit with a total project value of USD5 bln (RM15 bln), a RM2 bln petroleum storage terminal facility comprising four terminals with a total storage capacity of 2.328 mln cu m, as per thestar.com.my


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