PetChem to be sole Southeast Asia melamine producer


GURUN: Petronas Chemicals Group Bhd (PCG) has launched its melamine plant project in the vicinity of its PETRONAS Chemicals Fertiliser Kedah Sdn Bhd (PCFK) complex here.

The plant is targeted to come onstream in 2024 with a capacity of 60,000 tonnes per annum, making PCG the sole melamine producer in Southeast Asia, PCG said in a statement.

PCG managing director/chief executive officer, Ir. Mohd Yusri Mohamed Yusof said this was an important project for PCG as it further strengthens its strategy of diversifying its product portfolio.

“More importantly, being the only melamine producer in the region, we will be able to meet the Malaysian demand and serve the regional market, which is currently a net importer of melamine.

“In view of the robust demand in the emerging Southeast Asian markets, we are confident that this investment will further contribute to PCG’s growth,” he said.

In building the melamine plant, PCG will utilise an industry-proven technology from Switzerland which will enable the plant to operate with high efficiency, especially in terms of energy consumption.

The plant, which uses urea produced from PCFK as feedstock, will enable PCG to offer high-quality products at more competitive prices as maximum integration with the existing PCFK complex allows a minimum investment in utilities and other costs.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

PETRONAS Chemicals , PCG , melamine ,

   

Next In Business News

Malaysia's exports rise in 1Q to RM362.41bil
Malaysia's economy likely grew 3.9% y-o-y in Q1 - advance estimate
Oil prices surge 3% on reports of Israeli strikes on Iran
US bonds rally on reports of Middle East missile strike
Fed policymakers agree: there's no urgency to cut rates
Ringgit opens easier against US$ as Fed turns hawkish
Main Market-bound Keyfield to gain from AWB market upcycle
FBM KLCI continues rebound after two days of recovery
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
Smart Asia en route for listing on ACE Market

Others Also Read