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Petronas shutters petrochemical plants

Petronas shutters petrochemical plants

Kuala Lumpur: Petroliam Nasional Bhd (Petronas) has shut down indefinitely several petrochemical plants in Kertih, Terengganu and Gebeng, Pahang as demand for polymers fell sharply due to a slump in overseas factory orders, according to the Malaysia Star.

According to its website, Petronas has joint ventures with BP Chemicals in a polyethylene plant in Kertih while BASF AG and Petronas are partners in several BPC plants in Gebeng.

BASF, a German chemical company, had shut down 80 plants worldwide following low demand for its products. The company, which operates 12 plants locally under a joint venture with Petronas, has brought forward the scheduled maintenance of six of these plants. [4/12/08]