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Petronas Chemicals eyes more downstream derivatives, specialty chemicals business
KUALA LUMPUR: Petronas Chemicals Group Bhd will continue to assess further opportunities beyond 2020 in downstream derivatives and specialty chemicals at Pengerang, Kertih, Gebeng and East Malaysia.
Petronas Q1 earnings surge to RM10.3b
Higher oil prices and improved margins lead to over 100% improvement in profit
Petronas Q1 profit after tax surges 124% to RM10.3b on higher prices
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) chalked up a solid performance in the first quarter ended March 31, 2017, with profit after tax surging 124% to RM10.3bil from RM4.6bil a year ago due to higher oil prices and improved margins from upstream and downstream businesses.
PetChem to grow production capacity by 49% by 2020
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) expects to grow its production capacity by 49% or an increase of 5.3 million tonnes by year 2020 from 10.8 million tonnes currently.
BASF Petronas Chemicals invests RM2bil more in Pahang
GEBENG: BASF Petronas Chemicals Sdn Bhd (BPC) has invested an additional RM2bil for the development of three new plants at its integrated petrochemical complex here.
Higher utilisation to drive Petronas Chemicals earnings outlook, says Affin Hwang Research
KUALA LUMPUR : Despite the current crude oil price vlatility, higher plant utilisation driven by additional gas supply will continue to support Petronas Chemical Bhd's (Pchem) earnings for the second half of this year, said Affin Hwang Research.
PetChem earnings down on asset write-off
PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) reported earnings that fell 17% in its second quarter ended June from a year ago mainly due to an asset write-off amounting to RM241mil from the cancellation of an elastomers project.
PetChem eyes growth in aroma ingredients business
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) smells growth opportunities in the aroma ingredients business and is considering an expansion of its facility in Gebeng, Pahang.
Joint venture O&G related plants in Kuantan to cost billions
PETALING JAYA: Billions of ringgit could very well be spent for two new plants over the next few years in the Gebeng Industrial Zone near Kuantan for better-performing oil and fuel in anticipation of tighter regulatory standards for industry and the environment.
BASF, Petronas break ground on plant in Kuantan
KUANTAN: Pahang Menteri Besar Datuk Seri Adnan Yaakob had on Thursday officiated at the ground-breaking of a 2-Ethylhexanoic Acid (2-EHAcid) production plant at the BASF Petronas Chemicals Sdn Bhd integrated site in Kuantan.
