A RM3.8bil injection for PetChem


Company gets huge capital boost from polymer plant deal with Saudi Aramco

GIVEN the earlier announcement that Saudi Aramco will be investing US$7bil in the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, it did not come as a big surprise when Petronas Chemicals Group Bhd (PetChem) inked a new deal with the state oil company of Saudi Arabia.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , petronas chemical

   

Next In Business News

New warehouses poised to propel Tasco
Australian airport project expected to fuel PGF’s earnings
Epicon exits PN17 category
Duopharma’s new RM578mil contracts a positive
IOIProp to gain from higher wages
BHIC bags Navy submarine job from Mindef
CIMB Niaga looks to adopt stricter pricing discipline
Feytech Holdings aims to raise RM114mil from IPO
Bursa on track to hit pre-tax profit target for FY24
Agricore inks underwriting deal with M&A Securities

Others Also Read