NewsFlashPETRONAS, BASF to develop Malaysia specialty chemicals

06 March 2012 03:11  [Source: ICIS news]

SINGAPORE (ICIS)--BASF and PETRONAS have agreed to jointly develop new world-class specialty chemicals facilities in Malaysia, the two companies announced on Tuesday.

The companies will create a joint venture entity that will own, develop, construct and operate the proposed production facilities for isononanol, highly reactive polyisobutylene, non-ionic surfactants, methanesulfonic acid, as well as plants for precursor materials, they said in a joint statement.

BASF will own a 60% share in the joint venture, while PETRONAS will hold the remaining 40%, they said.

By: Nurluqman Suratman

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