# 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.

- Type: Investment
- Announced: 2026-11-08
- Where: Pengerang, Johor, Malaysia
- Value: $1.00B
- Status: announced
- Products: polymers, glycol
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [PRPC Polymers Sdn Bhd](https://endata.com/companies/15829.md)
- [Petronas Chemicals Group Bhd](https://endata.com/companies/15828.md) (partner)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/article/petchem-unit-be-partly-owned-aramco-gets-us1b-bridging-loan), 2026-11-08: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.