Dialog to build industrial estate in Pengerang


an aerial view of the storage tank farms and port facilities at the Pengerang Deepwater Terminal

KUALA LUMPUR: Dialog Group Bhd, which has a 46% effective interest in the RM5bil Pengerang Independent Deepwater Petroleum Terminal, plans to develop an industrial estate within its deepwater terminal land.

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.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Sea launches investment arm, expects e-commerce sales to double in 2021
Thai Airways plans slimmer fleet and workforce in turnaround plan
UWC doubles Q2 net profit�
Bioalpha posts RM37.8mil loss in FY20
Grand-Flo buys property assets near Genting Highlands�
Straits associate firm Banle Energy to file for HK IPO
Techfast ventures into petroleum trading, oil bunkering biz
eCurve shopping mall to undergo redevelopment
KLCI stays range-bound, market breadth negative
Bank Negara seen holding key rate as infections slow, Covid-19 vaccination starts

Stories You'll Enjoy


Vouchers