Linde Malaysia Sdn Bhd and PETRONAS Gas Berhad have confirmed their agreement to develop a new air separation unit (ASU) in Pengerang after signing a memorandum of understanding.
The joint venture (JV) will build and manage a gases facility that will produce oxygen (O2) and nitrogen (N2) to meet the demands of PETRONAS’ integrated refinery and petrochemical complex (RAPID) in the Malaysian town.
In total, the project is estimated to cost around $172m. It is understood that PETRONAS will hold a 51% stake in the JV, with the Malaysian branch of the Tier One corporation obtaining the other 49%.
Construction on the project is expected to start in the third quarter of 2016, with commissioning anticipated by the end of 2018.
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