Wednesday, August 29, 2012
Tuesday, August 14, 2012
refinery and petrochemical integrated development (Rapid) complex in Pengerang, Johor.
source: http://biz.thestar.com.my/news/story.asp?file=/2012/7/20/business/11696440&sec=business
Petronas has signed a Heads of Agreement (HOA) with Italy-based Versalis SpA to jointly own, develop, construct and operate elastomer plants within Petronas’ proposed refinery and petrochemical integrated development (Rapid) complex in Pengerang, Johor.
The proposed joint venture will produce and market synthetic rubbers using Versalis’ technology licence and technical know-how. The elastomer plants will be part of the world-scale facilities to be developed within the RM60bil Rapid complex.
Versalis will bring into the partnership elastomer operation records and wealth of experience and expertise that would contribute towards strengthening Petronas and Malaysia’s position as a key downstream petrochemical player in the region.
Headquartered in Milan, Versalis (formerly known as Polimeri Europa) is a petrochemical company wholly-owned and controlled by Eni SpA, an Italian multinational oil and gas company.
It manages the production and marketing of a wide portfolio of petrochemical products, using a range of proprietary technologies and state-of-the-art production systems and a wide-reaching and efficient distribution network.
The agreement with Versalis is the fourth of such arrangement secured by Petronas for Rapid and the engineering activities will commence immediately.
Prior to this, Petronas had inked similar agreements with BASF of Germany, Itochu Corp of Japan and PTT Global Chemical Public Co Ltd of Thailand for various high value-added downstream chemicals.
Petronas is currently pursuing the selection of other potential partners and licensors for the various facilities to be developed within Rapid.
Petronas’ proposed Rapid project is by far the largest liquid-based green-field downstream undertaking in Malaysia.
It will have a 300,000 barrels per day refinery to supply the petrochemical complex, apart from producing a host of refined petroleum products, including gasoline and diesel that meet the Euro 4 and Euro 5 fuel specifications.
The petrochemical component of the project will allow Petronas to expand its product portfolio from commodity petrochemicals to premium differentiated and specialty chemicals, capitalising on the growing demand for these higher value products in the Asia-Pacific region.
Petronas has signed a Heads of Agreement (HOA) with Italy-based Versalis SpA to jointly own, develop, construct and operate elastomer plants within Petronas’ proposed refinery and petrochemical integrated development (Rapid) complex in Pengerang, Johor.
The proposed joint venture will produce and market synthetic rubbers using Versalis’ technology licence and technical know-how. The elastomer plants will be part of the world-scale facilities to be developed within the RM60bil Rapid complex.
Versalis will bring into the partnership elastomer operation records and wealth of experience and expertise that would contribute towards strengthening Petronas and Malaysia’s position as a key downstream petrochemical player in the region.
Headquartered in Milan, Versalis (formerly known as Polimeri Europa) is a petrochemical company wholly-owned and controlled by Eni SpA, an Italian multinational oil and gas company.
It manages the production and marketing of a wide portfolio of petrochemical products, using a range of proprietary technologies and state-of-the-art production systems and a wide-reaching and efficient distribution network.
The agreement with Versalis is the fourth of such arrangement secured by Petronas for Rapid and the engineering activities will commence immediately.
Prior to this, Petronas had inked similar agreements with BASF of Germany, Itochu Corp of Japan and PTT Global Chemical Public Co Ltd of Thailand for various high value-added downstream chemicals.
Petronas is currently pursuing the selection of other potential partners and licensors for the various facilities to be developed within Rapid.
Petronas’ proposed Rapid project is by far the largest liquid-based green-field downstream undertaking in Malaysia.
It will have a 300,000 barrels per day refinery to supply the petrochemical complex, apart from producing a host of refined petroleum products, including gasoline and diesel that meet the Euro 4 and Euro 5 fuel specifications.
The petrochemical component of the project will allow Petronas to expand its product portfolio from commodity petrochemicals to premium differentiated and specialty chemicals, capitalising on the growing demand for these higher value products in the Asia-Pacific region.
Wednesday, July 18, 2012
Johor to be a leading electronics manufacturing services (EMS) hub in Malaysia.
source: http://thestar.com.my/news/story.asp?file=/2012/7/4/business/11598041&sec=
Plans are in the pipeline to further develop, strengthen and position Johor to be a leading electronics manufacturing services (EMS) hub in Malaysia.
Deputy International Trade and Industry Minister (Miti) Datuk Mukhriz Mahathir said the state has all the right ingredients to become a successful EMS hub.
“Johor has established itself in the electronics and electrical (E&E) manufacturing activities for years and now is the time to bring it to the next level,'' he said.
He said the Malaysian Industrial Development Authority (MIDA) had approved 929 manufacturing-related projects for Johor from 2007 until April this year with RM41.48bil investment.
Of the RM41.48bil investment, RM14.99bil (14.4%) came from the domestic investors and RM26.49bil (15.3%) from foreign investors, according to Mukhriz.
He said of the total approved projects for Johor, 506 or 54.5% were new investments while 423 were existing projects (45.5%) for additional investments and expansion purposes.
“Johor is second after Selangor in total investments for manufacturing activities.
(Investments totalled) RM276.54bil nationwide from 2007 until April 2012,'' said the deputy minister.
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