In a filing with Bursa Malaysia, the oil and gas technical service provider said it had incorporated a wholly owned subsidiary, Sungai Rengit Industrial Estate Sdn Bhd, to develop the industrial estate that would support the development of the petroleum and petrochemical industry in Pengerang, Johor.
The crude oil and petroleum product storage terminal, situated on 101.2ha of reclaimed land, is a joint venture with Royal Vopak of Netherlands and the Johor government. The terminal’s second phase of construction, which started in December 2014, will also include liquefied natural gas regasification facilities developed together with Petronas Gas Bhd and the Johor government.
Dialog executive chairman Tan Sri Ngau Boon Keat said in 2014 that the terminal project would help attract RM80bil to RM90bil in investments to the area as it expanded over the years.
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