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Chemical Week Magazine :: New Construction Projects

Petronas to make FID on Rapid complex by end of March

6:03 AM MDT | March 14, 2014

Petronas (Kuala Lumpur) will make a final investment decision (FID) on the Refinery and Petrochemicals Integrated Development (Rapid) project in Johor State, Malaysia, by the end of this month, reversing an earlier statement that it would be unlikely to meet this deadline because of issues related to the relocation of residents from the site and escalating costs. The 60-billion ringgit ($18.4 billion) project is Petronas’s biggest in the petrochemical sector. The company is planning to establish the complex on a 6,000-acre site, and the challenges it faces are...

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