PENGERANG – Southern Johor is poised to be become a major oil and gas hub with the development of refineries not just by Petronas but also by a Taiwan-based petrochemical company.
Prime Minister Datuk Seri Najib Tun Razak said Petronas’ Refinery and Petrochemical Integrated Development (Rapid) project along with the Taiwanese company would help bring in investments totalling RM120bil (S$49bil) into the area within the next six years.
“These two projects are poised to make Pengerang a major oil and gas hub in the Asia Pacific region,” he said, adding that the project was three times bigger than the MRT project in the Klang Valley, which was valued at RM40bil to RM45bil.
Najib added that the Rapid project was larger than all the combined Petronas projects in Kertih, Gebeng and Malacca.
“These two refineries will be able to produce a combined 450,000 barrels of oil per day,” he said at the launch of the Rapid project by Johor Ruler Sultan Ibrahim Sultan Iskandar here yesterday.
Najib added that the first phase of the Petronas project would cover 2,428ha and would need about 40,000 contract workers.