Petrochemical industry to attract more investments with Pengerang complex

Construction of the 300,000 barrels-per-day (bpd) refinery at the Pengerang Integrated complex is nearing completion, Petroliam Nasional Berhad (Petronas) said in a statement issued late on Monday. (File pic Rapid construction in Pengerang)

KUALA LUMPUR: Malaysia's petrochemical industry is likely to attract more investment inflows with the development of the Pengerang Integrated Complex (PIC) project, as investments have already hit RM15.3 billion in the first four months of this year, said the Ministry of International Trade and Industry (MITI).

Its Secretary-General, Datuk Isham Ishak said the country had attracted 10 investments worth RM26 billion in the petrochemical industry last year.