Singapore's ChemOne expects Pengerang Energy Complex to start by end-2027

GS Engineering & Construction

28/02/2024 04:00

SINGAPORE, Feb 28 (Reuters) - Singapore's Chemone Group
said on Wednesday its Pengerang Energy Complex (PEC) project is
likely to start up by 2027-end and had awarded its operations
and maintenance contract to a subsidiary of GS Engineering &
Construction Corp  006360.KS .  
    Engineering is "progressing well for the aromatics project
in Johor, Malaysia", the company added. 
    This start-up timeline is a further delay from the 2026
earlier announced. The $5 billion project's construction was
initially slated to be completed by 2024 when first announced in
2020. 
    Zeit Operation & Maintenance Co, a subsidiary of GS
Engineering, has been selected to handle the operations and
maintenance for the PEC project, ChemOne said. 
    "During the operations phase, Zeit will supervise and
analyse the operations, monitor and advise on start-up and
troubleshooting, as well as perform process optimisation."
    The project includes a 150,000-barrels per day (bpd)
condensate splitter, which subsequently can produce oil products
including jet fuel. 
    The company also plans to produce up to 2.3 million metric
tons per year of aromatics such as paraxylene, a petrochemical
feedstock for synthetic fibres and plastic bottles.  
    

 (Reporting by Trixie Yap; Editing by Rashmi Aich)
 ((trixie.yap@thomsonreuters.com;))