Pengerang Petrochemical Company Sdn. Bhd. is a Malaysian petrochemical company operating at the Pengerang Integrated Complex in Johor. It forms part of the PRefChem joint venture, which includes refining and petrochemical operations.
The company has been involved in a transaction under which Saudi Aramco agreed to transfer its equity stake in Pengerang Petrochemical Company Sdn. Bhd. (along with the related Pengerang Refining Company) to PETRONAS, subject to closing conditions. Upon completion, PRefChem would become a wholly owned PETRONAS subsidiary.
Post-transfer, the companies intend to maintain cooperation on areas such as crude supply, technology exchange, and product distribution, building on their existing partnership.
Also known as PRefChem Petrochemical, Pengerang Petrochemical Sdn Bhd, PPCSB, Pengerang Refining Company Sdn Bhd, and Pengerang Petrochemical Company Sdn Bhd.
Revenue up 15% to RM152.4bn; PAT RM27.2bn; CAPEX RM41.4bn and full ownership of PRefChem expected in 2H 2026 amid West Asia conflict-driven volatility.
Improved earnings despite reduced plant utilisation from major planned turnarounds; revenue RM7.9bn, EBITDA RM1.3bn and interim dividend RM480m.
Strong H1 profits and cash flow; Q2 free cash flow hit by $13.6bn working-capital build. Dividend declared and key upstream/gas projects on track for 2026–27 completion.
PRefChem is now fully owned by the buyer; deal boosts acquirer's operations and supply flexibility, lets seller optimize downstream assets. Also to explore crude supply, tech exchange and distribution
