Petronas, Malaysia's state-owned oil and gas company, is exploring a potential deal to divest two of its petrochemical facilities to Vinythai, a leading Thai plastics manufacturer. In exchange, Petronas would acquire an equity stake in Vinythai. The assets up for sale include a 400,000-ton-per-year vinyl chloride plant located in northeastern Malaysia and a 100,000-ton-per-year PVC plant situated in Vietnam.
Under the proposed arrangement, Vinythai would issue shares to Petronas in return for the two plants. However, the exact number of shares or the valuation details have not been disclosed. Vinythai, which ranks as the second-largest PVC producer in Thailand, is partially owned by Solvay, a Belgian multinational chemical company, holding a 48% stake, while Thai energy giant PTT owns 20%.
The deal, if finalized, could mark a strategic move for both companies, allowing Petronas to streamline its operations and focus on core energy projects, while Vinythai expands its production capacity and strengthens its supply chain. Neither Petronas nor Vinythai has made any official statement regarding the negotiations, leaving the details of the transaction still under wraps. This development highlights the growing interest in cross-border partnerships within the global petrochemical sector.
FRP Plastic Honeycomb Panel
Frp Pp Honeycomb Sandwich Panel,Fiberglass Honeycomb Panels,Aluminium Honeycomb Sandwich Panel,Honeycomb Core Sandwich Panels
YANGZHOU MAXTONE COMPOSITE CO.,LTD. , https://www.maxtonetruckbody.com