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Petronas Signs JV Deals with Itochu and PTT Global Chemical for Rapid Project

2:22 PM MDT | May 21, 2012 | Natasha Alperowicz in Kuala Lumpur

Petronas (Kuala Lumpur) on Friday signed Heads of Agreement (HOAs) to set up two separate petrochemical joint ventures within its proposed refinery and petrochemical integrated development (Rapid) complex at Pengerang in the state of Johor, bordering Singapore. The signing took place during the Asia Petrochemical Conference (APIC), which this year was held in Kuala Lumpur.     The first HOA was signed with the trading major Itochu Corp. (Tokyo) and the second with Itochu Corp. and PTT Global Chemical (Bangkok) to jointly own, develop, construct and...

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