Pengerang Refining and Petrochemical

What Pengerang Refining and Petrochemical does

PRefChem (Pengerang Refining and Petrochemical) is a Malaysia-domiciled strategic joint venture between Petroliam Nasional Berhad (PETRONAS) and Saudi Arabian Oil Company (Saudi Aramco), operating an integrated refinery and petrochemical complex within the Pengerang Integrated Complex (PIC) in Johor, Malaysia. The facility comprises three interconnected complexes: a Refinery Complex with 300,000 barrels per day capacity producing gasoline, diesel, jet fuel (Jet A1), and fuel oil meeting Euro 5 fuel specifications; a Steam Cracker Complex producing over 3 million metric tonnes per annum of ethylene, propylene, C4 olefins, and aromatic products (including butadiene, benzene, and MTBE); and a Petrochemical Complex with a nameplate capacity of 0.5 million tonnes per annum producing polymer resins (Polypropylene, LLDPE, HDPE) and glycols (MEG, DEG). The integrated configuration allows the refinery to feed the steam cracker, which in turn supplies the petrochemical complex, creating a downstream value chain from crude to finished petrochemical products. The refinery operates with a Nelson Complexity Index of 9.5 and a multi-trains configuration enabling it to process crude oils ranging from light to heavy and sweet to sour.

The company sells refined petroleum products and petrochemical feedstocks to industrial manufacturers and the transportation/energy sector through direct enterprise sales relationships, with no customer-specific pricing publicly disclosed. PRefChem has more than 2,060 employees and is the largest petrochemical complex in Malaysia, with eight Malaysia Book of Records engineering achievements in the Buildings & Structures Category. Marketing is primarily conducted through its corporate website, press releases, and PRefChem CARES volunteer program. The company has issued a public notice warning about unauthorized solicitation of business by parties fraudulently representing PRefChem, indicating active brand-protection measures. The operating geography is Southeast Asia, with primary disclosure focused on Malaysia (MYS), and the company targets downstream industrial buyers producing plastics, soaps, detergents, fertilizers, pesticides, synthetic fibres and rubbers, paints, flooring, and insulating materials.

PRefChem operates through two joint venture entities: Pengerang Refining Company Sdn Bhd (registered 2013) and Pengerang Petrochemical Company Sdn Bhd (registered 2015). The strategic alliance was officially formed on 28 March 2018, with the PRefChem corporate identity launched on 15 May 2018. Commissioning milestones through 2018-2019 included first crude arrival, refinery flare lighting, first crude charge to the CDU, and first polymer shipments, with full commercial operations targeted for the second half of 2020.

Name

Pengerang Refining and Petrochemical

Legal name

Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd

Website

https://prefchem.com

Company type

Private

Founded year

2018

Operating status

Operating

Short description

PRefChem is a Malaysia-based joint venture between PETRONAS and Saudi Aramco operating an integrated 300,000 bpd refinery and 3.4 MTPA petrochemical complex in Pengerang, Johor, selling Euro 5 fuels and polymers to industrial manufacturers and the transportation sector.

Ownership category

akta.pro rank

Product category

Petroleum Refining and Petrochemicals

NAICS

Petrochemical Manufacturing (32511), Petroleum Refineries (32411)

SIC

Petroleum Refining (2911), Industrial Organic Chemicals (2860)

akta.pro primary industry

Steam Cracking & Feedstock Flexibility Services (Cracker optimization, feed switching, co-product recovery) (EUALAHAJ)

akta.pro secondary industries

Olefins (Ethylene, Propylene, Butadiene) (EUALAHAD), Conversion Refineries (FCC/Hydrocracking/Coking) (EUALAGAB), Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ)

Keywords

• Petroleum refining
• Petrochemical manufacturing
• Steam cracking
• Polymer production
• Fuel products

Headquarters

HQ city

Kuala Lumpur

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Refined Petroleum Products: Sale of refined petroleum products including gasoline, diesel, jet fuel (Jet A1), and fuel oil produced from the refinery complex with 300,000 barrels per day capacity.
2. Petrochemical Products: Sale of petrochemical products including polymers (Polypropylene, LLDPE, HDPE), glycols (MEG, DEG), and other petrochemical outputs from the integrated complex.
3. Petrochemical Feedstock: Ethylene, Propylene, Butadiene, Benzene and MTBE produced from steam cracking operations, with 3.4 million tonnes per annum capacity.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PRefChem operates an integrated refinery and petrochemical complex that processes crude oil into refined petroleum products (gasoline, diesel, jet fuel, fuel oil) meeting Euro 5 specifications, and converts feedstocks into petrochemical products including polymers (Polypropylene, LLDPE, HDPE), glycols (MEG, DEG), and olefin/aromatic intermediates (ethylene, propylene, butadiene, MTBE). The 300,000 barrels-per-day refinery feeds a steam cracker producing 3.4 million MTPA of petrochemical feedstocks, which in turn supply a 0.5 million MTPA petrochemical complex.

Product overview

PRefChem operates an integrated refinery and petrochemical complex as a strategic alliance between PETRONAS and Saudi Aramco. The facility comprises three interconnected complexes: the Refinery Complex (300,000 BPD capacity producing gasoline, diesel, jet fuel, and fuel oil meeting Euro 5 specifications), the Steam Cracker Complex (producing over 3 million MTPA of olefins including ethylene, propylene, and butadiene), and the Petrochemical Complex (producing 0.5 million MTPA of polymers and glycols). The refinery provides feedstock to the steam cracker, which in turn supplies the petrochemical complex, creating an integrated downstream value chain. Total petrochemical production capacity is 3.4 million tonnes per annum of olefins and aromatics, with 2.5 million tonnes per annum of finished petrochemical products.

Differentiator

Problem solved

Functional benefit

Products and services

• Refinery Complex Primary processing facility with 300,000 barrels per day capacity producing petroleum products including gasoline, diesel, jet fuel, and fuel oil meeting Euro 5 specifications. Also supplies feedstock to the petrochemical complex.
• Steam Cracker Complex Cracking facility producing over 3 million metric tonnes per annum of Ethylene, Propylene, C4 olefins and aromatic products. Comprises cracker, MTBE and Benzene Units where saturated hydrocarbons are broken down into smaller unsaturated hydrocarbons.
• Petrochemical Complex Downstream petrochemical production with 0.5 million tonnes per annum capacity producing polymer resins (Polypropylene, LLDPE, HDPE) and glycols (MEG, DEG). Sources feedstock from the Refinery and Steam Cracker Complex.
• Gasoline Refined petroleum product produced at the Refinery Complex meeting Euro 5 fuel specifications, sold to commercial and industrial buyers.
• Diesel Ultra-low sulphur diesel produced at the Refinery Complex meeting Euro 5 fuel specifications, sold to commercial and industrial buyers.
• Jet A1 Low sulphur jet fuel produced at the Refinery Complex meeting Euro 5 fuel specifications, supplied to airlines and aviation fuel buyers.
• Fuel Oil

Quantifiable outcome

• 300,000 barrels per day refining capacity
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• PETRONAS (Petroliam Nasional Berhad)coreStrategic or Co-development Partner · 28 March 2018Equal partnership in joint venture companies forming the strategic alliance. PETRONAS is Malaysia's national oil company and one of the world's largest integrated oil and gas companies.
• Saudi Aramco (Saudi Arabian Oil Company)coreStrategic or Co-development Partner · 28 March 2018Equal partnership in joint venture companies forming the strategic alliance. Saudi Aramco is Saudi Arabia's national oil company and the world's largest oil company.
• Department of Orang Asli Development (JAKOA)minorStrategic or Co-development PartnerJoint collaboration for LRP Green Mussel sustainable initiative at Pasir Gudang, Johor, designed to restore livelihood and provide stable income to 100 Orang Asli Seletar.
• Southern Johor Fishermen AssociationminorStrategic or Co-development PartnerJoint collaboration for LRP Green Mussel sustainable initiative to support 100 Orang Asli Seletar with stable income.
• Johor Department of FisheriesminorStrategic or Co-development PartnerCollaborative effort for LRP Artificial Reef sustainable initiative aimed to increase income sources for 300 fishermen in Pengerang and surrounding community.
• Southern Region Marine DepartmentminorStrategic or Co-development PartnerSupporting partner for LRP Artificial Reef initiative to benefit fishermen in Pengerang area.
• Johor Port AuthorityminorStrategic or Co-development PartnerSupporting partner for LRP Artificial Reef initiative in Pengerang.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Reliance Industries Limited (Jamnagar Refinery): Operates the world's largest refinery complex at Jamnagar with significant petrochemical integration. A much larger broad incumbent in integrated refining and petrochemicals serving global markets.
• Indian Oil Corporation Limited: India's largest integrated oil major with significant refining capacity and petrochemical operations. Broad incumbent serving Asian markets with comparable refined products and petrochemical feedstock output.
• Hengli Petrochemical: Chinese integrated petrochemical and refining major operating a 400,000 BPD refinery with aromatics, PTA, polyester and polymer integration. Comparable in scale and integrated scope but focused on Chinese markets.

Regional players

• Thai Oil Public Company Limited: Major Thai integrated refiner (275,000 BPD) with petrochemical interests serving ASEAN markets. Direct regional competitor in Southeast Asian fuel and petrochemical product flows from a similar scale base.
• ExxonMobil Asia Pacific (Jurong/Singapore): Operates one of Singapore's largest integrated refinery and petrochemical complexes. Regional peer competing for Southeast Asian refined product and petrochemical customers.
• Pertamina (RU V Balikpapan / Trans-Pacific Petrochemical Indotama): Indonesia's national oil company operates refineries and petrochemical assets across Indonesia. Regional player serving ASEAN markets with overlapping downstream product focus.

Direct peers

• Formosa Petrochemical Corporation: Taiwan-based integrated refiner producing fuels, olefins (ethylene, propylene) and downstream polymers/chemicals. Comparable in integrated refining + petrochemical configuration targeting Asian markets with similar product slate.
• PETRONAS RAPID (Refinery and Petrochemical Integrated Development): PETRONAS's other major integrated refinery and petrochemical complex in Pengerang, Johor, operated by PRefChem's same parent. Highly comparable in feedstock, technology configuration, and integrated downstream chain - the closest direct analog in Malaysia.
• S-OIL Corporation: Major South Korean refiner and petrochemical producer controlled by Saudi Aramco. Operates integrated refining and olefin/polymer production comparable in scope to PRefChem, with similar Aramco-driven feedstock access and operational philosophy.
• Yanbu Aramco Sinopec Refining Company (YASREF): Joint venture between Saudi Aramco and Sinopec operating a 400,000 BPD full-conversion refinery in Yanbu, Saudi Arabia. Closely comparable as an Aramco-led JV integrated complex producing Euro-spec fuels and petrochemical feedstocks.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pengerang Refining and Petrochemical