Gas processing to bolster Coastal’s revenue


PETALING JAYA: Coastal Contracts Bhd’s earnings are expected to be underpinned by the upcoming capacity expansion at its Papan gas processing plant in Mexico and strong momentum in its shipbuilding division, says TA Research.

Coastal has been advancing its gas processing operations by expanding the Papan plant’s capacity and also, modifying the Perdiz plant, both of which serve the Mexican oil and gas sector to incorporate liquified petroleum gas recovery capabilities.

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