PIC is PETRONAS' largest investment in Malaysia, located in Pengerang, Johor and forming part of Johor state's ambitious Pengerang Integrated Petroleum Complex (PIPC).
The PIC project is designed to produce premium differentiated petrochemicals; meeting domestic demand for petroleum products and the Malaysian government's future legislative requirements on the implementation of Euro 5.
With an investment of USD27 billion, PIC supports the Government's overall Economic Transformation Programme (ETP) and will position Malaysia to capitalize on the growing need for energy and commodity petrochemical products in Asia in the next 20 years. This will spur the growth of Malaysia's Oil and Gas downstream sector pushing Malaysia into a new frontier of technology and economic development.
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