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BASF-Petronas JV confirms aroma ingredients project in Malaysia

6:17 AM MDT | April 9, 2014 | Francinia Protti-Alvarez

The board of BASF–Petronas Chemicals (BPC), a 60-40 joint venture, has approved the final investment decision and agreed to invest 1.5 billion ringgit ($462 million) to build a previously announced integrated aroma ingredients complex at Gebeng, near Kuantan, Malaysia, according to a company filing with the Bursa Malaysia (Kuala Lumpur) dated today. BPC operates an integrated complex at Gebeng for the production of acrylic monomers, oxo products, and butanediol. The investment by the two partners for the project will be in accordance with their respective...

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