KUALA LUMPUR: Petronas Chemicals Group Bhd
(PetChem) remains committed to prioritising domestic demand over exports to ensure the continued availability of high-quality products in the local market.
Its managing director and chief executive officer Mazuin Ismail said customers can rely on PetChem for stable supply and consistent product quality.
“Our priority for 2026 is to maintain vigilance, reinforce discipline and safeguard the strength of our operations, while continuing to build the foundations for sustainable growth.
“In an operating environment that has become more dynamic and less predictable, this approach ensures we remain resilient through near-term volatility and well-positioned to emerge stronger,” he said in a statement in conjunction with PetChem’s AGM yesterday.
The AGM was chaired by PetChem chairman Datuk Sazali Hamzah, with Mazuin and chief financial officer Mohd Azli Ishak presenting the company’s performance, growth plans and 2026 outlook to shareholders.
PetChem also said the group enters 2026 with discipline and resilience, anticipating continued market uncertainty, an uneven recovery, and recent geopolitical developments that introduced volatility to feedstock and supply chain dynamics.
During the financial year 2025, PetChem said it achieved a plant utilisation rate of 88%, underpinned by strong asset integrity and optimised plant management across the portfolio, against a backdrop of global oversupply, subdued demand, cost pressures and geopolitical uncertainty.
The group said it also delivered an improvement of RM574mil in earnings before interest, taxes, depreciation, and amortisation despite unfavourable pricing, driven by feedstock optimisation, improved plant reliability and turnaround efficiency.
