PetChem sets 85% target


By LIZ LEE

KUALA LUMPUR: After a year of improving its operational efficiency, Petronas Chemicals Group Bhd (PetChem) targets to increase the utilisation rate of its plants to about 85% this year.

In 2013, its utilisation rate was 78%, 5% lower than in 2012 amid major statutory turnarounds and maintenance activities at its primary cracker, related downstream facilities and its second methanol plant in Labuan.

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