Posted by Sslee > 2024-08-13 11:40 | Report Abuse

Know what happen to Malaysia’s PRefChem, a JV between PETRONAS and Saudi Aramco, mega cracker plants in Pengerang Integrated Petroluem Complex?

Posted by The_JQuestion > 2024-08-13 13:07 | Report Abuse

the selling news give it some life... pretty sad , it is a good industry and sold like cheap tickets HEHE

Posted by targetinvest > 2024-08-13 13:44 | Report Abuse

News of Lctitan up for sale is well known circulating in the industry, as well as IBs match maker.
Just a matter of price tag.
Petronas eagerness to expand more to downstream espescially specialty chemical make them very possible for a handshake now

Posted by Sslee > 2024-08-13 14:11 | Report Abuse

Question
63. News reported that China's petrochemical capacity is poised to see considerable growth, due to refinery switching to produce more petrochemical products than fuels. The local demand cannot absorb this capacity and will lead to export. Will this cause big threats to our company?
What are PCG's competitive advantages if compared to Chinese players? Do PCG have cheaper feedstock costs?

Answer:
China's self-sufficiency policy is indeed causing overcapacity in the market. We expect China to continue its capacity build-up in 2024 until later this decade. While we may expect increased competition, there are selected chemicals and related products that China, as well as other countries in the region, will continue to demand.
PCG’s competitive advantage includes our fully integrated facilities with secure feedstock supply. We have a large and diversified portfolio with close proximity to growth markets that will enable us to continue to serve the Southeast Asian markets.


68. The commissioning of our petrochemical plants at the Pengerang Integrated Complex (PIC) is still ongoing (page 18)
i. What is the total amount invested in Pengerang PetroChemical Plants?
ii. Normally how long does it take for these plants to break even?
iii. What are the expected additional depreciation charges when these plants commence operation?

Answer:
i. The PIC project is financed from external project financing facilities as well as investment by the shareholders via equity and loans.
ii. PIC is expected to provide material contribution to PCG’s future earnings, upon Commercial Operation Date (COD) subject to market conditions and gradual ramp up of plant operating rates.
iii. Upon COD, PIC will be depreciated

69. Any solution from PIC (Pengerang Integrated Complex) to handle the poor margin spread of naphtha feedstock-ethylene derivative?

Answer:
Utilising liquid feedstock is a strategic decision to reduce our dependency on gas while allowing us to grow and provide us the opportunity to produce other products that are otherwise not available
with gas-based plants.

This includes feedstock such as butadiene for our new joint venture project to produce Nitrile Butadiene Latex (NBL) and raffinate for our Isononanol plant in Pengerang, Johor.
Molecules made available from the naphtha cracker will allow us to produce high value derivatives and expand further downstream, whilst pursuing our specialty chemicals agenda. The fluctuation of margin between gas-based and naphtha-based products also provides us with earnings stability.

Posted by Sslee > 2024-08-13 14:22 | Report Abuse

PREFCHEM capacity:
3.4 million tonnes per annum of Ethylene, Propylene, Butadiene, Benzene and MTBE

Posted by targetinvest > 2024-08-13 14:35 | Report Abuse

Petronas Chemical did buy over BASF PETRONAS plant in gebeng kuantan, did remodification and producing another kind of chemical for export to Europe..
The same can be done to LCTITAN existing plant, just need some remodification.

Posted by speakup > 2024-08-13 21:17 | Report Abuse

Lctitan will drop to 50sen, then South Korean group will take it private 2nd round, then relist it 5 years later at super high PE. we all know the modus operandi

Posted by targetinvest > 2 months ago | Report Abuse

1 trick use 2 time? So easy meh