Deals Monitor

Petronas Gas to supply steam to Japan?s Polyplastics unit

Source: The Star

KUALA LUMPUR:?Petronas Gas Bhd, which has been supplying electricity to Japan?s Polyplastics Limited Company unit, will also supply steam to the company.

Petronas Gas, a subsidiary of Petroliam Nasional Bhd, said on Sunday it had inked two sales and purchase agreements with engineering plastics company, Polyplastics Asia Pacific Sdn Bhd (PAP). Each agreement is for 22 years.

The supply of steam to PAP, is a new business secured from the Japan-owned company, while the second one was for the extension of the existing electricity supply by PGB.

Petronas Gas managing director/CEO Kamal Bahrin Ahmad said: ?The contract extension is a testimony of our customers? confidence in us to provide a reliable supply of power at a competitive tariff from PGB?s co-generation plant in Gebeng.?

He said it was Petronas Gas?s aspiration to be a preferred total solutions provider, as reflected by its long-term business relationship with PAP and the other customers based at the Gebeng Industrial Park in Kuantan, Pahang.?

?PAP is proud to enter into a long-term agreement with the infrastructure owners, Petronas Gas, which signifies a new phase in our journey towards serving our customers,? PAP managing director Yoshimitsu Shirai said.

Both the electricity and steam are generated by Petronas Gas?s 350MW co-generation plant. Other than Gebeng, its also operates similar plants in Kerteh, to serve the Kerteh Integrated Petrochemical Complex.

Petronas Gas?s also operates two regasification terminals in the Straits of Johor – Regasification Terminal Pengerang and in Melaka – Regasification Terminal Sungai Udang, with a total combined capacity of 660,000 Nm3 (normal cubic metre), which is among the largest in the region.

Source: The Star