Joint venture O&G related plants in Kuantan to cost billions

Plant site: BASF Petronas Chemicals petrochemical complex in the Gebeng Industrial Zone in Pahang.

PETALING JAYA: Billions of ringgit could very well be spent for two new plants over the next few years in the Gebeng Industrial Zone near Kuantan for better-performing oil and fuel in anticipation of tighter regulatory standards for industry and the environment.

Last week, the joint venture between BASF SE and Petronas Chemicals Group Bhd, BASF Petronas Chemicals (BPC), announced plans to build two plants, including one for reactive polyisobutene (HR PIB), with an annual capacity of 50,000 tonnes, to be operational by the end of 2017.