# 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.

- Type: Acquisition
- Announced: 2023-06-13
- Where: Gebeng, Kuantan, Malaysia, Malaysia
- Status: announced
- Capacity: 113 kilotonnes per annum
- Products: maleic anhydride
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Petronas Chemicals Group Bhd](https://endata.com/companies/15828.md) (acquirer)
- [BASF PETRONAS Chemicals](https://endata.com/companies/29352.md) (target)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/node/670921), 2023-06-13: "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."
- [chemanalyst.com](https://www.chemanalyst.com/NewsAndDeals/NewsDetails/petchem-scores-big-with-acquisition-of-gebeng-derivatives-plant-from-basf-jv-18870), 2023-07-13: "The acquisition will further strengthen PCG's position in the specialty chemicals market and will enable the company to expand its product portfolio."

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