Petronas Chemicals (PCG) has acquired PCC’s 50% stake in its Malaysian unit, PCC Oxyalkylates Malaysia. CEO Datuk Sazali Hamzah called this “another milestone for PCG in our quest to develop the group’s specialty chemicals business segment”.

PCG and German-based surfactants producer PCC are already planning an oxyalkylates facility at the Kerteh integrated petrochemical complex in Terengganu (pictured above), plus a joint R&D centre. This is due to begin construction in 2021 and enter production in 2023.

The European Commission has opened an in-depth investigation to assess whether two support measures that Poland granted to PCC MCAA to invest in a new monochloroacetic acid (MCAA) plant in 2012-13 were in breach of EU rules on regional State aid.