Dammam - SPA
Amin Nasser stated, “Today marks an important milestone for this giga joint venture project, which is an integral part of Saudi Aramco’s refining and fuels marketing and chemicals business strategies and will help in strengthening the company’s growth position in Southeast Asia through crude supply and world-scale downstream operations. This venture also closely aligns with our downstream strategy to invest in a global refining and petrochemicals system of world-scale manufacturing complexes in key regions with participated refining capacity of eight to 10 million barrels per day by 2030. We are committed to help enhance the area’s prosperity and look forward to this new stage of cooperation with our valued partner PETRONAS. Malaysia provides a great opportunity for Saudi Aramco’s downstream portfolio expansion in Asia and PRefChem’s strategic location in Pengerang will clearly position the country as a prolific regional energy hub, at the same time serve to enhance energy security in the Asia-Pacific region.”
At the event, PRefChem also celebrated a major milestone with the mechanical completion of Package 2 comprising the Crude Distillation Unit (CDU). The mechanical completion certificate was presented to Sun Lili, President of Sinopec Engineering, by Datuk Md Arif Mahmood, witnessed by Tan Sri Wan Zulkiflee and Nasser.
Commenting on the company’s visual identity, Dr Colin Wong said that the circular movement of the logo represents collaboration, precision and bonding between PETRONAS and Saudi Aramco, while the blue and green colours portray PRefChem as a vibrant, dynamic and environmentally friendly company.
The refinery complex and cracker is now 96.54 per cent complete while the petrochemical facilities has achieved 84.8 per cent completion.
Apart from the refinery, cracker and the petrochemical facilities, PIC also includes the development of associated facilities, namely a co-generation plant, an LNG re-gasification terminal, a raw water supply plant, a deep water terminal, and air separation unit, as well as centralised and shared utility facilities.
1* Subject to approval by The Companies Commission of Malaysia for the change of name from PRPC RC Sdn Bhd to Pengerang Refining Company Sdn Bhd.
*2 Subject to approval by The Companies Commission of Malaysia for the change of name from PRPC Polymers Sdn Bhd to Pengerang Petrochemical Company Sdn Bhd.