MOSCOW (MRC) -- ChemOne Group (Singapore), an oil & gas, petrochemicals and natural resources conglomerate, has announced the launch of a USD3.38-billion Pengerang Energy Complex (PEC) in the state of Johor, Malaysia, according to Chemweek.
ChemOne said construction of the project, which it says will be one of the world's largest and most competitive integrated condensate splitters and aromatics production facilities, will start in the second half of 2020 with completion due four years later.
ChemOne is the master developer and majority shareholder through its sponsorship in PEC. Maire Tecnimont is ChemOne's engineering, procurement, construction and commissioning partner for the project, and UOP is the technology provider for PEC. The project is in line with the government's transformation program to increase Malaysia's petrochemical output and establish it as a regional trading hub. At full capacity, expected from 2024, PEC is expected to generate an annual export revenue of USD5 billion for Malaysia. It is expected to serve the Asian markets.
PEC will have a processing capacity of 150,000 b/d of condensate and side feed of naphtha; an aromatics capacity of 2.3 million metric tons/year (MMt/y); oil products output of 3.9 MMt/y and hydrogen of 50,000 metric tons/year. The condensate splitter will produce heavy aromatics naphtha, a primary feedstock for the aromatics plant. The second phase of the development envisages a 300,000 b/d refinery complex to serve regional demand, and with back integrated supply chain to the aromatics complex.
Edwin Seow, a principal at ChemOne, said, "With the petrochemical market set to pick up further, PEC is poised to deliver profitable growth while creating gainful local employment and moving Malaysia further up the value chain in the petrochemical sector."
ChemOne was one of the developers of the Jurong aromatics complex in Singapore, now owned by ExxonMobil. A major refinery and petrochemical project is already nearing completion in Johor. Both are being built by a joint venture of Petronas (Kuala Lumpur) and Saudi Aramco.
As MRC wrote before, ExxonMobil Corp completed maintenance work at its Singapore chemical plant. The company said earlier that the plant was undergoing maintenance, which had caused flaring at the plant. ExxonMobil’s petrochemical complex located on Jurong Island is integrated with its refinery there and produces a range of feedstock and products such as polymers and aromatics.
Besides, we remind that on 12 November, 2019, Exxon Mobil Corp’s Baytown, Texas, chemical plant returned to normal operations after a malfunction in the polypropylene (PP) production area. Exxon’s adjoining 560,500-barrel-per-day (bpd) Baytown refinery was unaffected by a transformer malfunction in the chemical plant.
According to MRC's ScanPlast report, The estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).
MRC