Written on 13.08.2013 - Industry
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MALAYSIA: Petronas postpones investment decision and production start on Rapid project

Petronas has further delayed a final investment decision and the start of production on its $19-billion Refinery and Petrochemicals Integrated Development (Rapid) project in Johor, Malaysia.

The investment decision, which had been expected in June 2013, has been extended to March 2014 by external factors beyond the company’s control, a statement released by Petronas said.

As a result of the revised date for a final investment decision, the Rapid refinery is now scheduled to start operations in the fourth quarter of 2017 and the remaining plants in the complex are scheduled to be commissioned in 2018. Petronas had earlier pushed back the entire project’s start up to early 2017 from late 2016.

The planned complex includes a 300,000-b/d refinery, which will supply naphtha and liquefied petroleum gas feedstock for the production of about 3-million t/y of ethylene, propylene, C4 and C5 olefins and several downstream units.

Source: Weekly "PetroChemical News", Durham, NC, USA; 5 Aug 2013
(Syed Rashid Ali, Karachi, Pakistan)