The Pengerang Integrated Complex (PIC) is one big step in creating value to the downstream oil and gas value chain in Johor. Sited in Pengerang, the project will house oil refineries, naphtha crackers, petrochemical plants as well as a liquefied natural gas (LNG) import terminal and a regasification plant.

In PIC, oil refining facilities will add value to imported crude oil via the Pengerang Independent Deepwater Petroleum Terminal (PIDPT) that is undertaken by a joint-venture between DIALOG Group of Malaysia, Royal Vopak of Netherlands and Johor State Secretary Incorporated (SSI) for an estimated cost of RM 5 billion. Construction of Phase 1 of the project should have been completed by Q1 2014 and Phase 2 of land reclamation is in progress. The total storage capacity available at PIDPT is planned for 5 million cubic metres by the year 2020.

The second mega-project within PIC is the just approved USD 16 billion Refinery and Petrochemical Integrated Development (RAPID) and USD 11 billion associated facilities by PETRONAS. The project is poised for its refinery start-up by early 2019. Developed within a 6,242-acre site, it will consist of a 300,000 barrels a day (bpd) refinery and petrochemical complex with a combined capacity of producing 7.7 mtpa of various grades of products including differentiated and specialty chemicals products such as synthetic rubbers and high grade polymers. In addition, the associated facilities shall include raw-water supply and power co-generation plants, and a LNG regasification terminal.

The potential beneficiaries of RAPID and associated facilities will cover a long list of companies. The following list is non-comprehensive but shall try to identify the ones getting significant benefits from the project by highlighting with asterisk (*) at the side of them. Considerations undertaken include the percentage of incremental revenue to their existing business either via potential contract wins or upon commencement of operations.