12 December 2018
ABOUT PETRONAS CHEMICAL
DETAILS
PETRONAS Chemicals Marketing (Labuan) LTD. (PMCL)
todays signs a Sales and Purchase Agreement with
Sarawak Petchem Sdn Bhd (Sarawak Petchem) to
market methanol product from the Sarawak Methanol Project.
Under the agreement, PMCL will be the marketing arm for
Sarawak Petchem's methanol product from
Sarawak Methanol Plant in Bintulu for 20 years with
an option for further extension.
Established in June 2017, Sarawak Petchem will be the first
Sarawak State government-owned company
that produces methanol, with an annual capacity of
1.7 million metric tonnes per annum (mtpa).
The plant is expected to come on stream in 2022 and
will receive 140 MMSCFD of natural gas feedstock from
PETRONAS.
Sarawak Petchem has selected PCML as its partner,
given the strong market stature of its parent company,
PCG, which is
the largest methanol producer in Asia Pacific, and
the fourth largest in the world
with an annual capacity of 2.4 million mtpa.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
