• Commercial commissioning scheduled for third quarter of 2023

• Planned production capacity: up to 70,000 metric tons per annum of non-ionic surfactants and polyether polyols

• As one of the most advanced oxyalkylate plants in the ASEAN region, the facility will consist of two production lines

• Joint venture rebranded PCG PCC Oxyalkylates Sdn. Bhd. to underscore the strategic partnership of PCC SE and PETRONAS Chemicals Group Berhad

Kuala Lumpur (Malaysia) / Duisburg (Germany), November 24, 2021 – PCC SE and PETRONAS Chemicals Group Berhad (PCG) have reached a new milestone in their joint project to build a production plant for oxyalkylates in Malaysia. The joint venture PCG PCC Oxyalkylates Sdn. Bhd. officially inaugurated the construction site at the project location in Kertih, in the Malaysian state of Terengganu, in October 2021. Commercial operation of the plant for the production of oxyalkylates – specialty non-ionic surfactants and polyether polyols – is scheduled to commence in the third quarter of 2023.

Start of construction of the alkoxylate project “Oxy.my” of PCG PCC Oxyalkylates Sdn. Bhd. in Malaysia: The groundbreaking ceremony took place on October 28, 2021

The joint venture has also now been rebranded PCG PCC Oxyalkylates Sdn. Bhd. (previously: PCC Oxyalkylates Malaysia Sdn. Bhd.). The new company name underscores the successful development of the joint venture and of European-Asian collaboration embodied in the strategic partnership between PCG and PCC. The two companies formed the 50/50 joint venture in 2020 with the aim of capturing the growing market for oxyalkylates in Asia as an important center of global end-user demand.

“Our joint venture PCG PCC Oxyalkylates will enable us to access the emerging markets of East and Southeast Asia for the core businesses of the PCC Group. And we have made significant progress toward this goal with the start of facility construction,” commented Dr. Peter Wenzel, CEO of PCC SE, adding: “We are delighted to have found in PETRONAS Chemicals Group an exceptionally strong partner with attractive integrated chemical production sites in Malaysia for this important expansion project.”

Along with the change of company name, PCG PCC Oxyalkylates Sdn. Bhd. also unveiled its new corporate logo. Symbolically uniting the two partners PCC and PCG, the emblem shows two stylized liquids attracted to each other, reflecting behavior similar to that of surfactants. Alongside polyester polyols, specialty surfactants are part of the product portfolio of PCG PCC Oxyalkylates Sdn. Bhd. With the representation of both parent companies’ brand colors, the new logo also symbolizes “East meets West” in a unique collaboration to leverage synergies between two chemical concerns from Asia and Europe.

PCG PCC Oxyalkylates is commencing work on the OXY.my construction project on the basis of an Engineering, Procurement, Construction and Commissioning Supervision contract (EPC Contract) which has been awarded to a consortium consisting of Dialog E&C Sdn. Bhd. (DEC), Desmet Ballestra S.p.A. (DBI) and Desmet Ballestra (M) Sdn. Bhd. (DBMA). The plant is expected to have a total production capacity of up to 70,000 metric tons per annum of specialty polyether polyols and specialty surfactants. The design features two parallel production lines and the facility will be the first of its kind in the ASEAN region.

Under the EPC contract, DEC is accountable for construction works, as well as for detailed engineering and procurement of bulk materials and other supplies. DBI is responsible for the supply of the process technology know-how and of the basic engineering, as well as for the procurement of the process equipment and plant instrumentation & control systems. DBMA is to provide the supervision services during the detailed engineering phase, plant construction, and commissioning.

“With the strength and expertise of our experts, we are ensuring safe and excellent progress of our oxyalkylates project in Malaysia,” stated Szymon Gross, Chief Executive Officer (CEO) of PCG PCC Oxyalkylates Sdn. Bhd., adding: “We have rebranded our company PCG PCC Oxyalkylates to support our expanding business opportunities, while diversifying our products and reaching the markets in our neighboring countries. This is a step to move ahead in our plan to establish a firm footing in the specialty chemicals market.”

About PCG PCC Oxyalkylates Sdn. Bhd.
PCG PCC Oxyalkylates Sdn. Bhd. is a 50/50 joint venture (JV) between PCC SE and PETRONAS Chemicals Group Berhad (PCG) to produce oxyalkylates (specialty surfactants and specialty polyether polyols) in Kertih in the state of Terengganu, Malaysia. The site of the plant under construction is the integrated PETRONAS Petroleum Industry Complex located in Kertih. The facility will have a rated production capacity of up to 70,000 metric tons per annum. For further information on the joint venture between PCC SE and PCG, go to Construction of a production facility for oxyalkylates in Malaysia

About PETRONAS Chemicals Group Berhad
PETRONAS Chemicals Group Berhad (PCG) is the leading integrated chemicals manufacturer in Malaysia and one of the largest in Southeast Asia. PCG operates a number of world-class production sites, all fully vertically integrated from feedstock to downstream end products. With a total combined production capacity of over 10 million metric tons per annum (mtpa), it is involved primarily in manufacturing, marketing and selling a diversified range of chemical products, including olefins, polymers, fertilizers, methanol and other basic chemicals and derivative products. Listed on Bursa Malaysia and with more than three decades of experience in the chemicals industry, PCG was established as part of the PETRONAS Group to maximize value from Malaysia’s natural gas resources. For further information on PCG, go to: www.petronaschemicals.com.

About PCC SE
Headquartered in Duisburg, Germany, PCC SE is the parent and investment holding company of the globally active PCC Group with its more than 3,200 employees. The Group companies of PCC SE have core competencies in the production of chemical feedstocks and specialties, with container logistics forming a further strong pillar in the investment portfolio. An investor committed to the longer term, PCC SE concentrates on continuously increasing the enterprise value of its portfolio companies through sustainable investments and the ongoing creation of new value. The largest chemical producers of the PCC Group are PCC Rokita SA, a major chlorine manufacturer and Eastern Europe’s leading producer of polyols, and PCC Exol SA, one of Europe’s most advanced surfactant manufacturers. PCC was founded in 1993 by Waldemar Preussner, who, today as its sole shareholder, is Chairman of the Supervisory Board of PCC SE. The PCC Group generated consolidated sales of € 717 million in fiscal 2020, with its capital expenditures totaling some € 67 million.