# Petronas Chemicals sells 50% of polymers unit to Saudi Aramco for $900M

Petronas Chemicals Group Bhd sold 50 percent of its polymers unit PRPC Polymers to Saudi Aramco's subsidiary Aramco Overseas Holdings for $900 million.

- Type: Acquisition
- Announced: 2017-10-02
- Where: Johor, Malaysia
- Value: $900.0M
- Status: completed
- Capacity: 900 ktpa polypropylene, 400 ktpa HDPE, 350 ktpa LLDPE
- Products: polymers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Petronas Chemicals Group Bhd](https://endata.com/companies/15828.md)
- [Saudi Aramco](https://endata.com/companies/304.md) (acquirer)
- [Petronas Chemicals Group Bhd](https://endata.com/companies/15828.md) (target)
- [PRPC Polymers Sdn Bhd](https://endata.com/companies/15829.md) (target)
- [Aramco Overseas Holdings](https://endata.com/companies/27290.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/article/business/energy/petronas-chem-sells-half-of-polymers-business-to-saudi-aramco-for-900-mln-idUSL4N1MD182/), 2017-10-02: "Malaysia's Petronas Chemicals Group Bhd (PCG) said on Monday it has sold 50 percent of a polymers unit to Saudi Aramco's wholly owned subsidiary, Aramco Overseas Holdings Coöperatief U.A. for $900 million."
- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2065729/aramco-to-acquire-50-stake-in-petronas-polymers-project), 2017-10-04: "Saudi Aramco is paying around $900 million to acquire a 50% stake in the Petronas Chemicals Group polymers project within the Petronas Pengerang Integrated Complex."

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