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Petronas Chemicals Group Bhd awarded a US$328 million EPCC contract to a consortium led by Tecnimont S.p.A for a polypropylene unit at the Rapid project in Pengerang, Johor, Malaysia. The unit will have a capacity of 400,000 tonnes per year, with completion expected by July 9, 2019.
“The board of directors is of the opinion that the award of contract is in the ordinary course of business and is in the best interest of the company.”theedgemalaysia.com
Summarized from public sources; check the original articles before acting on it.