Kelington to invest up to RM60mil in gas plant


In a separate press release, Kelington chief exective officer Raymond Gan (pic) said that the new venture marks the group

PETALING JAYA: Engineering services company Kelington Group Bhd plans to invest up to RM60mil to build a carbon dioxide gas purification plant, following a supply agreement which was inked between its subsidiary and Petroliam Nasional Bhd (Petronas).

Its maiden foray into the business of industrial gases is expected to yield nearly RM1bil in revenue over the lifespan of the gas purification plant.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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 , Kelington , Raymond Gan , gas , plant , Petronas , purification ,

   

Next In Business News

PepsiCo's first-quarter results beat as international demand drives growth
Spotify profits up, but lower marketing hits user growth
Rafizi: Economy continues to strengthen along with Bursa Malaysia
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil
Ringgit closes slightly lower against US dollar
Inta Bina bags RM170mil construction job
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
Crest Builder bags RM486mil condo job

Others Also Read