PetChem dragged by O&D segment amid challenges


PETRONAS Chemicals managing director and chief executive officer Mazuin Ismail.

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) sustained its operational performance with a plant utilisation rate of 94% in the first quarter of 2025 (1Q25), but its bottomline was weighed down by its olefins and derivatives (O&D) segment amid a challenging market landscape.

“To maintain our resilience and competitiveness amid the current industry downtrun, we remain focused on driving excellence.

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