Petronas Gas to supply steam to Japan’s Polyplastics unit

  • Business Premium
  • Sunday, 28 Apr 2019

The launch of the new grade could help ease tight condensate supplies in Asia. The sell tender is for a cargo loading March 21-31 from the Mekar Bergading Marine Terminal.

KUALA LUMPUR: Petronas Gas Bhd, which has been supplying electricity to Japan’s Polyplastics Limited Company unit, will also supply steam to the company.

Petronas Gas, a subsidiary of Petroliam Nasional Bhd, said on Sunday it had inked two sales and purchase agreements with engineering plastics company, Polyplastics Asia Pacific Sdn Bhd (PAP). Each agreement is for 22 years.
The supply of steam to PAP, is a new business secured from the Japan-owned company, while the second one was for the extension of the existing electricity supply by PGB.

Petronas Gas managing director/CEO Kamal Bahrin Ahmad said: “The contract extension is a testimony of our customers’ confidence in us to provide a reliable supply of power at a competitive tariff from PGB’s co-generation plant in Gebeng.”

He said it was Petronas Gas’s aspiration to be a preferred total solutions provider, as reflected by its long-term business relationship with PAP and the other customers based at the Gebeng Industrial Park in Kuantan, Pahang. 

“PAP is proud to enter into a long-term agreement with the infrastructure owners, Petronas Gas, which signifies a new phase in our journey towards serving our customers,” PAP managing director Yoshimitsu Shirai said.

Both the electricity and steam are generated by Petronas Gas’s 350MW co-generation plant. Other than Gebeng, its also operates similar plants in Kerteh, to serve the Kerteh Integrated Petrochemical Complex.

Petronas Gas’s also operates two regasification terminals in the Straits of Johor - Regasification Terminal Pengerang and in Melaka - Regasification Terminal Sungai Udang, with a total combined capacity of 660,000 Nm3 (normal cubic metre), which is among the largest in the region.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Petronas Gas , steam , Polyplastics


Next In Business News

Yinson raises RM1bil through Malaysia's first sustainability-linked sukuk wakalah programme Premium
3,088 contracts traded during Bursa Malaysia derivatives' first night trading session Premium
ATA remains committed to ensure well-being of workforce Premium
TAFI Industries proposes two-for-one bonus issue, warrants Premium
Cooperation between Bank Negara, MAS on linking DuitNow and PayNow among topics discussed - Tengku Zafrul Premium
Ireka unit accepts RM468mil development award in Terengganu Premium
Bursa Malaysia up 1% on window-dressing activities Premium
BAT sticks to forecast as demand for tobacco alternatives rises Premium
China stocks rise on monetary easing; Evergrande woes in focus Premium
Oil prices climb over US$1/bbl as Omicron fears ease, Iran delay Premium

Others Also Read