KUALA LUMPUR, Malaysia – BASF and PETRONAS have signed a Memorandum of Understanding to undertake a joint feasibility study to produce specialty chemicals in Malaysia, a move that would extend the two parties’ existing business collaboration in the country.
The two parties will evaluate the technical, commercial and economic viability of jointly owning and operating world-scale facilities for the production of specialty chemicals including non-ionic surfactants, methanesulfonic acid and iso-nonanol, as well as other C4-based specialty chemical products. The final scope of the investments will be determined following the outcome of the study, which is targeted for completion in 2011.
PETRONAS and BASF to Explore Joint Investment
February 1, 2011