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[3] [5] In 1992, the methanol plant was sold to Petronas and operates today as Petronas Methanol (Labuan) Sdn Bhd. [1] [6] [7] The power station was sold to Sabah Electricity. [1] The sponge iron factory was bought by the affiliated companies of the today's Lion Group. The plant operates today as Antara Steel Mills Sdn Bhd. [8] [9]
As part of the Petrochemical Division of the Malaysian oil giant Petronas, PCF(K)SB's primary product is granular urea, with ammonia and methanol as secondary by-products of the manufacturing process. Currently, the plant has a rated urea output of 2100 MT per day.
It spans over an area of 80 km 2 and is currently the largest petrochemical complex in Malaysia, and one of the major petrochemical hubs in the world. [1] It will house oil refineries, naphtha crackers, petrochemical plants, liquefied natural gas (LNG) terminals and a regasification plant upon completion. [2] [3] [4]
In 1972, the oil price per barrel was US$1.50, which later rose to US$2.28 per barrel. War in the middle east and oil embargo by Organization of Petroleum Exporting Countries ( OPEC ) had caused the price per barrel to rise until US$12.00, thus giving more incentives for Malaysia to set up her own oil company.
Worldwide commercial synthetic fuels plant capacity is over 240,000 barrels per day (38,000 m 3 /d), including indirect conversion Fischer–Tropsch plants in South Africa (Mossgas, Secunda CTL), Qatar (), and Malaysia (Shell Bintulu), and a Mobil process (Methanol to Gasoline) plant in New Zealand.
Brunei Methanol Company (BMC) is a national petrochemical facility situated at the Sungai Liang Industrial Park (SPARK) in Sungai Liang, Brunei [2] jointly owned by Japan's Mitsubishi Gas Chemical Company (50%), ITOCHU Corporation (25%) and Mirkhas (25%), a company incorporated under the purview of the Strategic Development Capital Fund, a trust sub-fund of the Government of Brunei.
For middle scale amounts (delivery in IBC container with 1000 L methanol) price for fossile methanol is usually about 0.5 to 0.7 USD/L, for biomethanol about 0.7 to 2.0 USD/L and for e-methanol [39] from CO 2 about 0.8 to 2.0 USD/L plus deposit for IBC container. For middle scale amounts of hydrogen (bundle of gas cylinders) price for 0.13 kg ...
In 2012, Methanex announced that it acquired land in Geismar, Louisiana, and that it would move one of its idle Chilean methanol plants there. [5] [6] Methanex confirmed that the reason was the low price of natural gas available in North America and Louisiana. [7]