PCG Invests in Largest Advanced Chemical Recycling Plant
PETRONAS Chemicals Group (PCG) has made the final investment decision (FID) to build Asia’s largest advanced chemical recycling plant with a capacity of 33 kilo-tonnes per annum (ktpa) in Pengerang, Johor, expected to be operational by H1 2026. PCG aims to promote a circular plastics economy and support sustainable plastics by converting end-of-life plastics into pyrolysis oil or TACOIL.
The technology will be provided by Plastic Energy, using its TAC process. Mutiara Etnik Sdn. Bhd. will handle the Engineering, Procurement, and Construction (EPC). The project aligns with Malaysia’s Plastic Sustainability Roadmap 2021-2030, phasing out single-use plastics and meeting demand for sustainable packaging.
Read More Stories on Business News
Vincent Tan has reduced his stake in Berjaya Corporation to streamline operations and enhance financial…
Cisco launches Cloud Control, a unified AI‑driven platform integrating networking, security, and operations to defend…
Kuala Lumpur, Malaysia, 5, June 2026 — AhaPay, a Malaysian BNPL solution provider, part of…
Myra unveils Embun in Jenderam, a mixed development near Putrajaya offering residences, retail, and lifestyle…
Crewstone’s investment also reflects a constructive view on gold as an asset class at a…
The FBM KLCI recovered on blue-chip buying, though geopolitical risks, foreign outflows and weak market…
This website uses cookies.