Currently, petchem industries in Malaysia has its joint ventures with multinational companies, usually the expertise providers similar to Shell, ExxonMobil, Kaneka, BASF, Dow Chemicals, ConocoPhilips and others.
The petchem situation is taken into account medium matured with investments of RM28 billion within the sector producing 39 sorts of petrochemical products akin to olefins, polyolefins, aromatics, ethylene oxides, glycols, oxo-alcohols, exthoxylates, acrylic acids, pthalic anhydride, acetic acid, styrene monomer, polystyrene ethylbenzene, vinyl chloride monomer and polyvinyl chloride. Oil World scale petrochemical plants producing LDPE, LLDPE, HDPE, PP, EPS, GPPS, HIPS, PVC, ABS, SAN and PET resins have spurred the plastic business within the country.
There are three petrochemical zones in Malaysia that are Kerteh, Gebeng and Tanjung Langsat.
With Petronas consolidating most of its petrochemical plants in Kerteh, and some in Gebeng and other areas, it is predicted that the level of taking part in subject will likely be raised with improve in efficiencies and price chopping measures. This may in turn, give higher income to its shareholders which will likely be opened to public soon.
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