Thursday, January 31, 2013

Petronas plans specialty chemicals JV with Evonik after end of similar partnership with BASF

Petroliam Nasional Bhd., Malaysia’s state energy company, plans to start a specialty chemicals manufacturing venture with Germany’s Evonik Industries AG after ending a similar partnership with BASF SEE, as per Bloomberg


Petronas, as the company is known, signed a letter of intent with Germany’s biggest closely held chemicals group, according to a joint e-mailed statement by both firms in Kuala Lumpur today.



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