KUALA LUMPUR: Construction of the RM14.3bil Pengerang Energy Complex (PEC) will start by mid-2020, with commercial production set to commence in the fourth quarter of 2023, said the Ministry of International Trade and Industry (MITI).
Upon its completion, the PEC will be one of the world’s largest integrated condensate splitter and aromatics facility, capable of producing 150,000 barrels per day and generating US$5 billion (US$1=RM4.14) in annual export turnover for Malaysia, it said in a statement on Monday.
MITI said the information was disclosed during a meeting between its minister, Datuk Darell Leiking and the Pengerang Energy Complex Sdn Bhd on Feb 13.