Petronas Chemicals Reports Higher Profits and Revenues but Gas Limitations Affect Methanol and Fertilizer Production

Petronas Chemicals reported net profits of MR737 million ($247 million) for the first quarter ended June 30, 2011.  Revenues were up 6% year-on-year to RM3.3 billion. The increase was primarily driven by strong prices across most petrochemical products, although the impact was partially offset by a stronger Malaysian ringgit against the U.S. dollar, the company says.  Methane gas supply limitation during the quarter affected fertilizer and methanol production but ethane and propane supply was unaffected and continued to support the operations of the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers