PIC to contribute 10-15% to PetChem’s revenue in FY22

KUALA LUMPUR: Petronas Chemicals Bhd expects its Pengerang Integrated Complex, which will be operational by the second half of 2021, to contribute 10 to 15 per cent to its revenue in the financial year ending Dec 31, 2022 (FY22).

Chairman Datuk Md Arif Mahmood said the group would ramp up the operations of PIC to full capacity next year and add 1.8 million tonnes of chemicals to its portfolio.

“It depends on how the price looks like (but) it will possibly contribute 10 to 15 per cent to the overall revenue,” he told a virtual media conference after PCB’s annual general meeting today.