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Sources have informed that Malaysian state-run Petronas and Saudi Aramco have commenced operations at the new 1.2-million-tons-per-year naphtha cracker. The naphtha cracker is integral to the $2.7 billion joint-venture oil refinery and petrochemical project, Refinery, and Petrochemical Integrated Development (RAPID) is located in Pengerang in the state of Johor, Malaysia.
Malaysia’s state-owned, Petronas and Saudi Arabia’s Saudi Aramco announced formation of two JVs for the Research and Petrochemical Integrated Development (RAPID) project. This partnership is sure to bring together the resources, technologies, experience as well as expertise of both the companies. A Petronas official said the partnership with Saudi Aramco is a welcome move and the result of the collective effort of key stakeholders in the two governments.