PETRONAS Chemical Group Berhad (PCG), Grupa Azoty Zaklady Azotowe “Pulawy” S.A. (Pulawy) and Sipitang Oil & Gas Development Corporation Sdn Bhd (SOGDC) inked a Memorandum of Understanding (MoU) today, to conduct a joint feasibility study for producing urea and ammonia derivatives in Sipitang Oil & Gas Industrial Park (SOGIP) in Sabah, Malaysia.
President/Chief Executive Officer of PCG Mr Sazali Hamzah signed the MoU with Pulawy and SOGDC in the presence of Datuk Seri Panglima Haji Musa Haji Aman, Chief Minister, Datuk Raymond Tan S.K. Deputy Chief Minister of Sabah. Pulawy was represented by the company’s President of the Board of Directors Mr Marian Rybak, while SOGDC was represented by General Manager Mr Kadir Abdullah.
This non-binding MoU marks the beginning of a collaboration between PCG, Pulawy and SOGDC for the development of urea and ammonia derivatives for the Asian agriculture industry. The parties will undertake a preliminary technical, economic, raw material supply, logistic, infrastructure and utilities study for the development of the petrochemical products.
“PCG actively seeks potential partners who are willing to work with us in providing innovative customers solutions. Hence, we are delighted to explore the viability of working with Pulawy and SOGDC in developing urea and ammonia derivatives in Sabah,” said Sazali.
“Grupa Azoty Puławy has unique competence in the production and processing of urea. Our business strategy involves the production of high-value products based on urea as melamine and urea solution used to reduce exhaust emissions in cars and power plants” explain Rybak.
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About Grupa Azoty Pulawy
Grupa Azoty Zaklady Azotowe “Pulawy” S.A. (Pulawy) is a subsidiary of Grupa Azoty S.A., the leader in Poland’s fertiliser and chemical industry. It is one of European Union largest fertiliser producers. Its portfolio ranges from nitrogen fertilisers (urea solutions, ammonia nitrate) to chemicals products (melamine, caprolactam).
About SOGDC & SOGIP
Sipitang Oil and Gas Development Corporation (SOGDC) acts as a special purpose vehicle to own, develop, manage and market an area of approximately 1,600ha/4,065 acres in Mengalong, Sipitang District known as the Sipitang Oil & Gas Industrial Park (SOGIP). SOGIP is located within the Sabah, Brunei and Labuan economic triangle, a focal point of new oil and gas investments in that region. Under the ambit of the Sabah state government, SOGIP is expected to attract new investments worth an estimated RM12 billion with the potential to create 30,000 new job opportunities when it is fully developed.
About PCG
PETRONAS Chemicals Group Berhad (PCG) is the leading integrated chemicals producer in Malaysia and one of the largest in South East Asia. It operates a number of world class production sites, which are fully integrated from feedstock to downstream end-products. With a total combined production capacity of over 10 million metric tons per annum (mtpa), it is involved primarily in manufacturing, marketing and selling a diversified range of chemical products, including olefins, polymers, fertilisers, methanol and other basic chemicals and derivative products. Listed on Bursa Malaysia and with nearly three decades of experience in the chemicals industry, PCG is established as part of the PETRONAS Group to maximise value from Malaysia’s natural gas resources. Further details on PCG can be found at www.petronaschemicals.com
