The leading chemical manufacturer PETRONAS Chemicals Group Berhad (PCG) is part of Malaysian oil and gas company PETRONAS, announced an agreement with LG Chem to build a Nitrile Butadiene Latex (NBL) manufacturing plant at Pengerang Integrated Complex (PIC) in Johor.
- The new NBL plant target the growing nitrile glove market, further strengthening Malaysias position as the largest exporter of gloves globally.
- Construction of the plant will begin in 2021 while production is scheduled to start in 2023. When completed, the plant will have an annual NBL production capacity of 200,000 tons
In Aug 2020: The leading petroleum company Petróleo Brasileiro S.A. Petrobras, informs that it signed an agreement with SPE Rio Ventura S.A., a wholly-owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire interest in eight E&P onshore fields in Bhaia, Brazil.
In July 2020: The leading petrochemical company Petrobras announced that its subsidiary Petrobras Biocombustível SA (PBIO) has signed a contract for the sale of its 8.40% stake in Bambuí Bioenergia SA (Bambuí) to Turdus Participações SA.
In July 2020, Petrobras signed an agreement with OP Pescada Oil e Gás Ltda., a wholly owned subsidiary of Ouro Preto Oil e Gás SA, a contract for the sale of its entire stake in the Pescada, Arabaiana and Dentão fields located in the shallow waters of the Potiguar Basin (Polo Hake), in the state of Rio Grande do Norte.
Petróleo Brasileiro S.A (Petrobras), headquartered in Rio de Janeiro, Brazil, is a leading petroleum company. The company presents in around 19 countries in the oil, natural gas and energy related sectors. The company has more than 6,580 producing wells and about 13 refineries to serve the customers.
Petrobras has approximately 46,400 employees across the world. The company involves in the exploration and production, refining, commercialization, transportation, petrochemical, derivatives distribution, natural gas, electricity, gas-chemistry and biofuels segments.