PetChem acquires maleic anhydride plant in Gebeng from BASF Petronas Chemicals

Petronas Chemicals Group reached a final investment decision to acquire a maleic anhydride plant in Gebeng, Kuantan from its 40% owned unit BASF Petronas Chemicals for an undisclosed sum. The plant will be upgraded to produce refined MAn, targeted to be ready by the second half of 2025.

“The FID signifies the start of the plant’s project execution phase that will upgrade and rejuvenate the facilities to produce refined MAn, which is targeted to be ready by the second half of 2025.”theedgemalaysia.com

• 2 sources
• theedgemalaysia.comPetChem to acquire Gebeng derivatives plant from BASF JVJun 13, 2023
• chemanalyst.comPetChem Scores Big with Acquisition of Gebeng Derivatives Plant from BASF JVPeter SchmidtJul 13, 2023

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