KUALA LUMPUR (AFX) - National oil corporation Petroliam Nasional Bhd (Petroliam) said its subsidiary Petronas Methanol (Labuan) Sdn Bhd has awarded Germany's Lurgi AG a contract to expand its methanol plant in Labuan.
In a statement, the company said Lurgi's scope of work includes engineering and procurement services, construction, pre-commissioning and commissioning works for the plant's expansion, which is expected to be completed by the end of 2007.
It added that the expansion will involve the construction of a new plant that will utilize Lurgi's megamethanol technology.
Petronas said the new plant will produce 1.8 mln tons of methanol a year, triple that of the existing plant's current capacity of 660,000 tons a year.
It added that the enlarged production capacity of 2.46 mln tons per year will turn Labuan into a major producer of methanol in the world.
Petronas said methanol produced from the plant will be marketed in the domestic market, as well as Southeast Asia, Northeast Asia and India.
alice.chia@xfn.com
ac/swp
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
In a statement, the company said Lurgi's scope of work includes engineering and procurement services, construction, pre-commissioning and commissioning works for the plant's expansion, which is expected to be completed by the end of 2007.
It added that the expansion will involve the construction of a new plant that will utilize Lurgi's megamethanol technology.
Petronas said the new plant will produce 1.8 mln tons of methanol a year, triple that of the existing plant's current capacity of 660,000 tons a year.
It added that the enlarged production capacity of 2.46 mln tons per year will turn Labuan into a major producer of methanol in the world.
Petronas said methanol produced from the plant will be marketed in the domestic market, as well as Southeast Asia, Northeast Asia and India.
alice.chia@xfn.com
ac/swp
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
© 2005 AFX News
