KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) has acquired three petrochemical firms, marking its entry into Petronas’ Refinery and Petrochemical Integrated Development (Rapid) projects in Pengerang, Johor.
The deal made yesterday via a related party transaction with Petroliam Nasional Bhd’s (Petronas) unit Petronas Refinery and Petrochemical Corp Sdn Bhd (PRPC) was for 100% equity interest in PRPC Glycols Sdn Bhd, PRPC Polymer Sdn Bhd and PRPC Elastomers Sdn Bhd.
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