PETRONAS Refinery and Petrochemical Integrated Development (RAPID) At the heart of PIC is the Refinery and Petrochemical Integrated Development (RAPID) project with a 300,000 barrels-per-day (BPD) refinery and a petrochemical complex with a combined 3.609 million metric tons-per-year production capacity.
Who is the main stakeholders of Petronas for RAPID project in Pengerang Johor?
Saudi Aramco and Petronas are partners in the RAPID project. Credit: Saudi Arabian Oil Company. Malaysia-based company Petronas constructed an integrated petrochemical project to produce premium petroleum products.
What is PIC Petronas?
PIC is PETRONAS’ largest investment in Malaysia, located in Pengerang, Johor and forming part of Johor state’s ambitious Pengerang Integrated Petroleum Complex (PIPC). This will spur the growth of Malaysia’s Oil and Gas downstream sector pushing Malaysia into a new frontier of technology and economic development.
When did Rapid Pengerang start?
Construction on the RAPID project commenced in 2014 and operations are expected to be officially commenced by 2019. RAPID complex aims to produce 7.7 million tonnes a year of various petrochemical products.
Is PRefChem under Petronas?
Pengerang Refining and Petrochemical (PRefChem) is a strategic alliance of two of the world’s largest and most successful national oil companies — Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia.
Which is part of the Petronas Pengerang integrated complex?
Pengerang Integrated Complex (PIC) forms part of Johor’s larger Pengerang Integrated Petroleum Complex (PIPC). PETRONAS’ PIC project is designed to produce premium differentiated petrochemicals to meet domestic demand for petroleum products.
Where is Petronas largest downstream investment in Malaysia?
PETRONAS’ largest Downstream investment in Malaysia, with an investment of USD27 billion covers an area of 6,303 acres in Pengerang, Johor. Pengerang Integrated Complex (PIC) forms part of Johor’s larger Pengerang Integrated Petroleum Complex (PIPC).
Where is the Petronas Rapid Project in southern Johor?
The RAPID project is expected to help transform Southern Johor into a new petrochemical hub. Several employment opportunities are also expected to be created in the region by suppliers and related industries. Petronas also operates petrochemical complexes in Melaka, Kerteh and Gebeng.
When did Petronas break ground for Pengerang power plant?
In November 2014, Petronas broke ground for a Pengerang co-generation plant (PCP) in the PIC complex. The PCP will have four co-generation units, and generates 1.22GW of electricity and supplies power to the entire PIC complex.