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Malaysia's Pengerang Energy Complex secures $3.5 billion for new petrochemical plant, set to start in 2025.
The Pengerang Energy Complex (PEC) in Malaysia has secured $3.5 billion in financing for a new petrochemical facility.
Export credit agencies from North America, Europe, and Asia, along with Islamic financing, are funding the project.
Set to start construction in mid-2025, the facility will produce 2.6 million tons of aromatic products and 3 million tons of fuel products annually, aiming to meet high demand in East and Southeast Asia.
The project is expected to be operational by the end of 2028.
4 months ago
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