Petroliam Nasional Berhad (PETRONAS), the national oil and gas company of Malaysia, has awarded INEOS Technologies (INEOS) the LL/HDPE portion of the PETRONAS’ Refinery & Petrochemical Integrated Development (RAPID) project, utilising the Innovene G gas phase fluidised bed process.
The 350kta LL/HDPE plant will manufacture a full line of high value polyethylene resins, including HDPE, LLDPE and metallocene LLDPE. The products from this plant will serve the Malaysian and other Asian markets in high performance film, molding and packaging for industrial and consumer applications.
Dr. Peter Williams, CEO of INEOS Technologies stated, “We are pleased with this award from PETRONAS and look forward to supporting this key element of their RAPID mega-project in Malaysia.”
PETRONAS’ RAPID project is by far the largest liquid-based green-field downstream undertaking in Malaysia. It will have a 300,000 barrels per day refinery to supply the petrochemical complex, apart from producing a host of refined petroleum products, including gasoline and diesel that meet the Euro 4 and Euro 5 fuel specifications.
The petrochemical component of the project will allow PETRONAS to expand its product portfolio from commodity petrochemicals to premium differentiated and specialty chemicals, capitalising on the growing demand for these higher value products in the Asia Pacific region.
Media contacts:
INEOS Technologies : Pete Grant, Phone: + 41 (0) 21 627 7085
Email: peter.grant@ineos.com
PETRONAS: Azman Ibrahim, Phone: +(603) 2331 2140 Mobile: +(6019) 223 0199
Email: azmanc@petronas.com.my
Note to editors:
PETRONAS is the national oil and gas company of Malaysia and is wholly-owned by the Government of Malaysia. Together with its subsidiaries and associated companies, PETRONAS, a FORTUNE Global 500® company, has fully integrated oil and gas operations in a broad spectrum of the oil and gas value-chain.
Its business activities include (i) the exploration, development and production of crude oil and natural gas in Malaysia and overseas; (ii) the liquefaction, sale and transportation of LNG; (iii) the processing and transmission of natural gas and the sale of natural gas products including power generation; (iv) the refining and marketing of petroleum products; (v) the manufacture and sale of petrochemical products; (vi) the trading of crude oil, petroleum products and petrochemical products; and (vii) shipping and logistics relating to LNG, crude oil and petroleum products.
PETRONAS strives to contribute to the well-being of the people and nations wherever it operates by developing and adding value to oil and gas resources in a manner that carefully balances commercial, environmental and social considerations.
About INEOS
INEOS Technologies is a leading developer and licensor of technologies for the global petrochemicals industry. It offers the broadest range of petrochemical technologies on the market today and also supplies catalysts, additives and coatings that our customers require to obtain the best possible performance from their investments.
INEOS Technologies' complete portfolio of leading licensed technologies includes:
- Innovene PP - gas phase technology for the production of polypropylene
- Innovene S - slurry technology for the production of mono and bi-modal HDPE
- Innovene G -swing gas phase technology for the production of LLDPE and HDPE
- BICHLOR - membrane electrolyser technology for chlor alkali production
- Vinyls - technology for the production of EDC, VCM and PVC
- Nitriles - technology for the production of Acrylonitrile and Maleic Anhydride
- Polystyrene - general purpose, high impact and expandable PS technologies