The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020.

Overview of ETP

Building On Strengths of The Past

Becoming a High-Income Nation

Business As Usual Not Enough

Part Of A Comprehensive Government Agenda

The Economic Transformation Programme

Managing Risk

Allocating Funding to Achieve the Highest Impact

Enabling The Success

High Income Economy

Deliver The ETP

Corporate Integrity Pledge

The Corporate Integrity Pledge is document that allows a company to make...

The 12 National Key Economic Areas (NKEAs) are a focussed approach to economic growth.

An NKEA is defined as a driver of economic activity that has the potential to directly and materially contribute a quantifiable amount of economic growth to the Malaysian economy.

What are NKEAs?
Malaysia will focus its economic growth efforts on NKEAs, which will receive prioritised Government support...
Why Focus on NKEAs?
Growth in the past was driven largely by a deliberate sectoral diversifcation strategy...

SRI stands for Strategic Reform Initatives, which are policy measures that will make Malaysia more competitive.

Competition, Standards & Liberalization

Government's Role in Business

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Narrowing Disparity

Overview

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Home / / / Refinery and Petrochemical Integrated Development (RAPID)

Refinery and Petrochemical Integrated Development (RAPID)

Announcements - 13 June 2011

Oil, Gas and Energy

Since our founding in 1974, PETRONAS has always sought to pioneer new ways of developing and adding value to Malaysia's oil and gas resources.

"As the custodian entrusted by the Government to manage those resources on its behalf, PETRONAS has always regarded it a salient duty to ensure that this precious, natural wealth of the country's would be developed in a manner that contributes to the well-being of the nation and its people. "

Dato' Shamsul Azhar Abbas
President and CEO
Our move into the downstream business - and the contributions it has since come to make - is a prime example of this spirit.

"In terms of its contributions to nation-building, our downstream activities have helped to: "
- broaden and diversify the country's industrial base;
Dato' Shamsul Azhar Abbas
President and CEO
Our move into the downstream business - and the contributions it has since come to make - is a prime example of this spirit.

"In terms of its contributions to nation-building, our downstream activities have helped to: "
- strengthen the capacity to meet its own fuel requirements indigenously, which has enhanced the country's security of energy supply and economic security; and also
Dato' Shamsul Azhar Abbas
President and CEO
Our move into the downstream business - and the contributions it has since come to make - is a prime example of this spirit.

"In terms of its contributions to nation-building, our downstream activities have helped to: "
- generate technical capability-building opportunities for thousands of Malaysians across several generations of employees.
Dato' Shamsul Azhar Abbas
President and CEO
Our move into the downstream business - and the contributions it has since come to make - is a prime example of this spirit.

"They have also helped to promote a more balanced regional development within Malaysia - a fact that a drive around Kerteh and Gebeng, in the states of Terengganu and Pahang, respectively, would aptly serve to remind."

Dato' Shamsul Azhar Abbas
President and CEO

PETRONAS is spearheading the development of Project RAPID; the creation of a Refinery And Petrochemical Integrated Development (RAPID).

Investment

RM60 billion

Still at the detailed feasibility study stage, RAPID is estimated to cost about RM60 billion and will comprise a crude oil refinery with a refining capacity of 300,000 barrels-per-day, a naphtha cracker with a combined annual production capacity of approximately three million tonnes of ethylene, propylene, C4 and C5 olefins and a further development of about 22 mini petrochemical complexes is a major downstream oil, gas and petrochemical project in Pengerang, Johor. RAPID will be the largest green-field investment; not only for PETRONAS in the downstream sector but also within the Asia Pacific region. The recommended development site at Pengerang is also strategically located to access regional demand centres, near international shipping lanes, deepwater port facilities and complement existing refineries and petrochemical hubs within Malaysian eastern corridor and Singapore.

RAPID is set to leverage on opportunities opened up by global mega trends in technological advancements, increasing consumer awareness and affluence. Through this project, PETRONAS is set to further expand and diversify its petrochemical business through volume growth, a more diversified product base and more importantly, a greater focus on premium specialty chemicals industry in the vibrant Asia Pacific market.

View more Projects 2012/02/08

Numbers featured within this section are correct as of announcement date.

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