<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) reported that a fire broke out at one of its silos, or intermediate product storage vessels, in Kertih, Terengganu, at about 5pm yesterday.</p></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, PetChem (fundamental: 1.65; valuation: 1.1) said the incident occurred at its 60%-owned subsidiary Petronas Chemicals LDPE Sdn Bhd (PC LDPE).</p></div>

<div class=newsTextDataWrapInner><p>“The incident has been brought under control. All relevant authorities have been informed. There are no casualties or injuries reported. There is no immediate threat to on-site personnel or the surrounding community,” the group said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The incident is confined to PC LDPE and there is no impact to production at other PetChem plants in Kertih,” it said.</p></div>

<div class=newsTextDataWrapInner><p>PetChem said an investigation will be carried out to determine the cause of the fire and the extent of damage to property.</p></div>

<div class=newsTextDataWrapInner><p>PetChem closed one sen or 0.16% higher at RM6.10 yesterday, with 1.41 million shares done, giving it a market capitalisation of RM48.71 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on June 24, 2015.</p></div>


KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) reported that a fire broke out at one of its silos, or intermediate product storage vessels, in Kertih, Terengganu, at about 5pm yesterday.

In a statement yesterday, PetChem (fundamental: 1.65; valuation: 1.1) said the incident occurr...

Fire reported at PetChem’s Kertih silo

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