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PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) has slashed its investment in the Refinery and Petrochemicals Integrated Development (Rapid) project by one-third over concerns on the future prospects of the synthetic rubber segment.
PETALING JAYA: The Thai government is targeting some US$10bil worth of investments for the Rubber City development located in the Southern Region Industrial Estate of Hat Yai, 946 km south of Bangkok
LONDON: Lanxess AG and Saudi Arabian Oil Co said they will form a 2.75 billion-euro (US$3.1bil) venture to draw on the Middle East company’s access to raw materials and make a struggling synthetic-rubber division more competitive.
KUALA LUMPUR: Integrated chemicals producer, Petronas Chemicals Group Bhd (PCG) is currently pushing for a higher average plant utilisation rate of between 80 to 85 per cent in a bid to drive sales volume.