23 January 2013 07:47 [Source: ICIS news]
SINGAPORE (ICIS)--PETRONAS and Germany’s Evonik Industries signed a letter of intent (LOI) to jointly develop specialty chemical facilities within the Refinery & Petrochemical Integrated Development (RAPID) project in Pengerang, Johor, the two companies said on Wednesday.
Under the LOI, the two companies are planning to jointly own, develop, construct and operate facilities for the production of hydrogen peroxide, C4 co-monomer and oxo-products within the RAPID project, they said in a joint statement.
The proposed units are expected to produce 250,000 tonnes/year of hydrogen peroxide, 220,000 tonnes/year of isononanol (INA) and 110,000 tonnes/year of 1-butene, the two companies said.
The hydrogen peroxide will be used on site to produce propylene oxide (PO) via a process Evonik had jointly developed with ThyssenKrupp Uhd, they said.
“These projects are expected to come on stream in 2016,” they said.
The LOI was signed in Kuala Lumpur, Malaysia, on 16 January.
Financial details of the agreement were not disclosed.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections