October 28, 2022 [Reuters] – ChemOne is targeting to launch its Pengerang Energy Complex project in mid-2026 to produce oil products and petrochemicals, Chief Executive Officer Alwyn Bowden said late Thursday.

“We are likely to announce the final investment decision (FID) by the end of this year,” he told the Asian Downstream Summit Conference, adding that the construction of the complex, to cost more than $4 billion, will start next year.

The project includes a condensate splitter, which will produce oil products including jet fuel. There will also be a sustainable aviation fuel unit using thydrotreated vegetable oil as feedstock, Bowden said.

The capacity for these products will be firmed up after the FID is taken, he added. The company also plans to produce up to 2.3 million tonnes per year of aromatics such as paraxylene, a petrochemical used to make synthetic fibre and plastic bottles.

The complex will be constructed within the Pengerang Integrated Petrochemical Complex, where the Saudi Aramco-PETRONAS joint venture PrefChem is also located.

Reporting by Trixie Yap

Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data