The chemical manufacturing unit of Malaysian state energy firm Petroliam Nasional Bhd, or Petronas, plans to spend roughly $6 billion over the next 15 to 20 years to expand its specialty chemicals portfolio through acquisitions and partnerships, its chief executive said on Monday.
The budget is part of Petronas Chemicals Group Bhd’s efforts to make the high-margin specialty chemicals unit a central part of the company’s business, Chief Executive Sazali Hamzah said in an interview with Reuters at the Asia Oil & Gas Conference.
“By doing that we are going to diversify our portfolio and our dependency on crude and gas will be a lot less,” Sazali said.
By A. Ananthalakshmi and Florence Tan
Source: Reuters
MOSCOW (MRC) — Dow, Inc. (Midland, Mich.) and Johnson Matthey (London, U.K.) announced that China-based company, Zibo Qixiang Tengda Chemical Ltd. (QXTD), has selected LP Oxo Technology to produce isononyl […]
Arkema today announced a long-term partnership with Nutrien, the world’s largest integrated fertilizer company, for the supply of anhydrous hydrogen fluoride (AHF) to Arkema’s Calvert City, Kentucky, site. The project […]
Firmenich (Geneva, Switzerland) has announced new leadership appointments. Boet Brinkgreve has been appointed president of ingredients, effective 1 June 2020. Brinkgreve will continue to report directly to Firmenich CEO, Gilbert […]
