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.
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