Duisberg, Germany – PCC and Petronas are setting up a 50:50 partnership for the joint production of oxyalkylates in Malaysia. PCC is to sell 50% of the shares in its subsidiary PCC Oxyalkylates Malaysia to the Petronas Chemical Group (PCG), thus gaining greater access to the south-east Asian and Asia-Pacific markets.
PCC and Petronas to make polyols in Malaysia
The plan is to construct a new production plant at PCG’s Kerteh Integrated Petrochemical Complex in Terengganu, Malaysia. The products it will manufacture will include polyether polyols for the polyurethane market.
Construction is set to start in 2021, with production slated to commence 2023. A joint R&D centre will also be established.
PCC set up the Malaysian project company in 2017, aiming to expand its business in the Asian market.
‘Through this joint venture, we are boosting the expansion of PCC’s core businesses with the polyols and surfactants segments in the growth markets of Asia,’ said Waldemar Preussner, PCC’s chairman. ‘The Kerteh site is ideal due to the availability of important raw materials and an excellent infrastructure with a direct seaport access, thus ensuring competitive production and logistics costs.’