Markets :: Plastics :: Polypropylene
Gulf Asian Petroleum Plans Refinery and PP Complex in Malaysia
3:10 PM MDT | August 8, 2011
KNM Group (Selangor, Malaysia) and Zecon (Kuching, Malaysia) have signed an agreement with Gulf Asian Petroleum (GAP; Kuala Lumpur) to build a refinery and polypropylene (PP) plant at Teluk Ramunia, Malaysia at a cost of MR17 billion ($5.7 billion). The agreement is for the construction of a 150,000 bbl-200,000 bbl/day refinery as well as a 450,000 m.t.-525,000-m.t./year PP plant at a combined cost of $5 billion, KNM says. GAP also plans to build a petroleum storage terminal with a capacity of 2.328 million cu meters, and supporting infrastructure and...
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