Petronas Chemicals JV search continues after Saudis join oil hub

Petronas Chemicals will have a positive cash flow impact by decreasing its capex commitment as a result of Saudi Aramco

The company is targeting a utilization rate of as high as 90 percent for its plants this year, he said. Pre-tax profits last year would have been about 20 percent lower if it hadn’t pushed rates to a record 96 percent, according to Sazali. - Bloomberg