KUALA LUMPUR (Dec 19): Petroliam Nasional Bhd (Petronas), Dialog Group Bhd and Royal Vopak NV have signed a shareholders agreement to jointly develop an industrial terminal for Petronas’ Pengerang Integrated Complex (PIC) in Johor.
The deal was signed among Petronas' wholly-owned unit PRPC Utilities and Facilities Sdn Bhd, Dialog Equity (Two) Sdn Bhd and Vopak Terminal Pengerang BV.
In a statement today, Petronas said the proposed terminal, which will be developed under the Pengerang Terminal Phase 2 project, will have a storage capacity up to 2.1 million cu m for crude, refined products, petrochemical products and liquefied petroleum gas (LNG) upon its completion. It will also have a deep water jetty facility, with depth up to 24m that is capable of handling very large crude carriers.
“Berths for unloading and reloading of LNG vessels up to Q-Max sized containers are also included in the plans,” said Petronas.
The Pengerang Terminal Phase 2 Project will be built on 157 acres next to the site of the existing Pengerang Independent Terminal, which is scheduled to be commissioned in line with the refinery complex by 2019.
“This [agreement] will pave the way for PRPC Utilities and Facilities and its strategic business partners to own and develop the Pengerang Terminal Phase 2 project, and is another milestone for Petronas [as it] further cements our commitment for the successful development of PIC,” said PIC vice-president and venture director, Juniwati Rahmat Hussin.
The PIC development comprises the Refinery and Petrochemical Integrated Development (Rapid) complex and its associated facilities including the Pengerang Co-generation Plant (PCP), Re-gasification Terminal 2 (RGT2), Air Separation Unit (ASU), Raw Water Supply Project (PAMER), Liquid Bulk Terminal (SPV2) as well as centralised and shared utilities and facilities.
Rapid is estimated to cost US$16 billion, while the associated facilities will involve an investment of about US$11 billion, and PIC is poised for its refinery start-up by early 2019.
In a separate announcement, Petronas said its subsidiary Petronas Refinery and Petrochemical Corp Sdn Bhd (PRPC) has selected US-based LyondellBassell Industries’ Spherizone and Spheripol polypropylene (PP) process technologies for a 900-kilotonne per year PP plant to be constructed within the Rapid complex.
Key features of the Spherizone technology include a large range of high-performance PP and novel polyolefinic resins with expanded properties, while Spheripol is the leading polypropylene technology for the production of high quality homopolymer, random and heterophasic copolymers.
Petronas said LyondellBassell is currently preparing the front end engineering and design work to develop a detailed scope, execution plan and cost estimate for the PP plant and it is expected to be completed by February next year.
The engineering, procurement, construction and commissioning (EPCC) phase is scheduled to start in November 2015, with plant mechanical completion expected in July 2018.