PETRONAS will study Sarawak methanol complex

PETRONAS has signed an MoU with Malaysia’s Sarawak state government to conduct a pre-feasibility study for a proposed methanol plant project in the state.

The agreement was signed earlier today between Malaysia’s national energy giant and the Sarawak state government entity YHBS. They will jointly assess the commercial viability and feasibility of developing a methanol and methanol derivatives complex at the Samalaju industrial park, some 65 km from Bintulu.

PETRONAS also signed a heads of agreement to supply 58m ft3/d of natural gas to Huchems Fine Chemical’s proposed petrochemical plant at the same industrial park. The supply agreement is for 20 years with the gas being used in the production of ammonia and ammonia derivatives.

Both agreements are part of ongoing efforts by PETRONAS to work with the state government to transform Sarawak into a regional petrochemicals hub.