Home / Knowledge / News / Textiles / Gulf companies invest in S E Asian petrochemical projects
Gulf companies invest in S E Asian petrochemical projects
16
Feb '13
Gulf companies are investing in several South East Asian petrochemical projects due to the rising demand for petrochemical products in the region.

The Qatar Investment Authority (QIA) plans to commit US$ 5 billion investment in the Pengerang Integrated Petrochemical Complex in Malaysia, while the Saudi Aramco has signed a Memorandum of Understanding (Mou) with PT Pertamina (Persero), Indonesia’s state oil and gas company, to jointly build an integrated refining and petrochemical project in Indonesia.

Vice-president of marketing, supply and joint venture coordination of Saudi Aramco, Mr. Dawood M Dawood told fibre2fashion, “The project represents an opportunity for the company to partner with Pertamina and to capitalize on investment opportunities in Indonesia’s growing downstream industry.”

“The MoU also increases prospects for industrialization and economic diversification in Indonesia,” he adds.

Talking about the partnership, director of investment planning and risk management of Pertamina, Mr. M Afdal Bahaudin says, “The cooperation with Saudi Aramco will strengthen the petrochemical supply to satisfy the huge domestic demand for petrochemical products in Southeast Asia.”

Earlier, the vice-president of QIA’s global investment house-Qatar Holdings (LLC), Mr. Hussain Ali al-Abdulla had said that initially the authority is planning to make an investment of US$ 5 billion in the Malaysian petrochemical complex and gradually increase it to US$ 10 billion in different sectors.

Fibre2fashion News Desk - India


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search