PRPC Polymers secures US$1 billion bridging loan for Pengerang petchem plants

PRPC Polymers, a unit of Petronas Chemicals Group, secured a US$1 billion bridging loan from local and international banks to fund part of the costs of developing polymers and glycol plants in Pengerang, Johor. The loan is temporary and expected to be repaid once long-term project financing is secured.

“The bridging loan is a temporary loan which is expected to be repaid once a long-term project financing is secured at a later date.”theedgemalaysia.com

• 1 source
• theedgemalaysia.comPetchem unit, to be partly owned by Aramco, gets US$1b bridging loanNov 8, 2026

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