The joint venture (JV) between Linde Malaysia Sdn Bhd and PETRONAS Gas Berhad has secured another long-term agreement to supply industrial gases to the Pengerang Integrated Petroleum Complex (PIPC) in Malaysia, which includes an ethylene oxide and ethylene glycol plant.
Now known to be Pengerang Gas Solution Sdn Bhd (PGS), the JV company will also build a state-of-the-art industrial air gas facility that will produce gaseous oxygen (O2) and nitrogen (N2) to supply the needs of PETRONAS’ Refinery and Petrochemicals Integrated Complex (RAPID) in southern Malaysia.
As such, PGS will build two large air separation units (ASUs) and all associated gas facilities under a total investment of €150m ($168m).
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%.
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