Monday, December 27, 2010

Petronas Chemicals down on news of fire at aromatic plant

KUALA LUMPUR: Petronas Chemicals Group Bhd shares declined on Monday, Dec 27 after it informed Bursa Malaysia of a fire incident that occurred at about 11.35pm last Friday at the naptha hydrotreater unit at an aromatic plant within the Petronas Integrated Petrochemical Complex in Kertih, Terengganu.

At 3.10pm, Petronas Chemicals was down four sen to RM5.51 with 4.15 million shares traded.

In a statement Dec 27, the company said the fire was extinguished shortly after by the Complex's Emergency Response Team, with the assistance of the Fire and Rescue Department.

'There is no human casualty. As a safety precaution, operation at the plant has been suspended.

'Apart from the aromatic plant, the operation at other facilities within the complex is not affected,' it said.

Petronas Chemicals said all relevant authorities had been informed and an investigation was underway to determine the cause of the fire and to assess the extent of the damage caused by the incident.

'More information will be released when it becomes available,' it said.


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