Petronas Chemicals Group Bhd (PCG) has taken a 50% stake in PCC Oxyalkylates Malaysia from German parent company PCC SE. This marks the first entry for PCG in the growing specialty oxyalkylates market. PCG and PCC plan to construct a new oxyalkylates manufacturing facility at Kertih Integrated Petrochemical Complex, Terengganu. The new unit will produce ethoxylates and polyether polyols starting from 2023.
Both companies will also cooperate in research and development at PCC Oxyalkylates Malaysia to fulfil consumers’ requirements. Oxyalkylates includes ethoxylates and polyether polyols used in a wide variety of end products, such as detergent, home care & personal care products, foam mattresses, and upholstery applications. Oxyalkylates demand is expected to grow in Southeast Asia and the Asia Pacific in the coming years.
