Some 15% of Petronas' RM90bil Pengerang complex likely to go to pipes, valves and fittings

Pantech Group Holdings Bhd executive director Adrian Tan.

PETROLIAM Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid), which will see the national oil firm pump close to RM90bil into a massive petrochemical complex in Pengerang, Johor, is widely expected to spur a slew of downstream players in the local oil and gas (O&G) supply chain.

While the big boys such as Petronas Gas Bhd, Dialog Group Bhd and Muhibbah Engineering (M) Bhd are some of the obvious winners, lesser-known Pantech Group Holdings Bhd, analysts say, has a good chance of securing the bulk of the jobs for pipes, valves and fittings (PVF), by virtue of it being Malaysia’s only one-stop centre for integrated PVF solutions.

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