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Oil and gas industry powers up

by | Nov 9, 2021 | Business, LOCAL | 0 comments

Petroliam Nasional Bhd (Petronas) has inked a heads of agreement (HoA) with Bintulu Prilled Urea Sdn Bhd (BPUSB) for potential gas supply as feedstock to a proposed petrochemical plant in Tanjung Kidurong, Bintulu.

BPUSB is the second Sarawak firm after state-owned Sarawak Petchem Sdn Bhd to venture into the downstream petrochemical industry.

Sarawak Petchem is currently building a RM3.74 billion mega methanol plant in Bintulu with the project being executed by South Korea’s Samsung Engineering Co Ltd.

Samsung is also leading a consortium to undertake a green hydrogen and ammonia plant project in Bintulu.

The plant is expected to produce 7,000 tonnes of green hydrogen per year for Sarawak’s use locally. It is also projected to annually produce 600,000 tonnes of blue ammonia, 630,000 tonnes of green ammonia and 460,000 tonnes of green methanol respectively.

The consortium partners include South Korean firms Posco International Corp, Lotte Chemical and SEDC Energy Sdn Bhd, a subsidiary of the Sarawak State Economic Development Corp. (SEDC).

-THE MALAYSIA VOICE

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