PetChem plans RM4bil capex

High potential: Sazali (left) and chairman Md Arif at the press conference. Sazali also says the group’s INA plant is expected to come onstream in the second half of 2019.

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) expects to spend RM4bil in capital expenditure (capex) for the year, with the bulk of the funds to be channelled to its investments in the Pengerang Integrated Complex.

The group, which had RM7.4bil in cash and cash equivalents as at Dec 31, 2016, expected to use its internal funds for this.