PetChem strengthens market position with planned Pengerang plant

WITH its capital expenditure (capex) progressing as planned, Petronas Chemicals Group Bhd (PetChem) could well be on track to strengthen its market position even as competition in the petrochemicals industry in the region is heating up.

Over the week, PetChem, which is one of the largest integrated chemicals producers in South-East Asia, reached a final investment decision for an isononanol plant within the Pengerang Integrated Complex (PIC) in Johor.