KUALA LUMPUR (Feb 5): ChemOne Group, a Singapore-based oil and gas, petrochemicals and natural resources conglomerate, today launched a US$3.38 billion aromatics plant in Johor, with construction to start in the second half of 2020. Dubbed the Pengerang Energy Complex (PEC), the project aims to become a world class petrochemical hub that will add value to the downstream oil and gas value chain in Malaysia, ChemOne said in a statement today. The condensate splitter will produce heavy aromatics naphtha, a primary feedstock for the aromatics plant, said ChemOne. ChemOne is the master developer and majority shareholder through its sponsorship in PEC. Maire Tecnimont of Italy is ChemOne's engineering, procurement, construction and commissioning partner for the project, and UOP is the technology provider for PEC.

Source: The Edge Markets February 05, 2020 09:22 UTC