Tuesday, July 26, 2011

PetChem open to Sabah taking 25% of US$1.5b fertiliser plant

KUALA LUMPUR: Petronas Chemicals Group Bhd has approached the Sabah government to take a stake in its US$1.5 billion fertiliser plant in Sipitang, Sabah.

PetChem chairman Datuk Wan Zulkiflewe Wan Ariffin said on Tuesday, July 26 that it had approached the government a few months ago.

'We are opened for them to take a 25% stake in the plant,' he said after the AGM.

On June 30, PetChem annnounced it has reached the decision to develop a new world-scale fertiliser plant in Sipitang.

The project is conditional upon reaching agreement with the Sabah State Government on land related matters, it had said.

No comments:

Post a Comment