14 May 2012 09:27 [Source: ICIS news]
By Nurluqman Suratman
The company, which is 43%-owned by
The decade-long proposal to build the project at
Kuokuang Petrochemical has identified
“While they [Kuokuang Petrochemical] have not made an official announcement, it is likely that they will choose
Kuokuang Petrochemical Technology and CPC Corp could not be immediately reached for comment.
The complex will complement Malaysian oil and gas major PETRONAS’ nearby refinery and petrochemical integrated development (RAPID) project in Pengerang, Johor, state-run news agency Bernama said.
PETRONAS’ RAPID project is expected to be commissioned by the end of 2016.
The undisclosed Taiwanese firm plans to build 150,000 bbl/day a refinery and an 800,000 tonne/year cracker, Bernama quoted Najib Razak as saying during the RAPID project launch event in Johor.
“It’s likely for the investment to take place in
“If they go to
($1 = €0.77)
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