Singapore's ChemOne Group to finalise financing for $6 billion Johor project

The company said it is forecasting an annual export turnover of US$5 billion for Pengerang Energy Complex. PHOTO: PENGERANG ENERGY COMPLEX
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SINGAPORE - Singapore-based ChemOne Group is expected to secure funding for its US$4.4 billion (S$6.1 billion) Pengerang Energy Complex (PEC) in Johor, Malaysia, later this year.

Mr Alwyn Bowden, chief executive of PEC, a unit of ChemOne which will operate and manage the 150,000 barrel-per-day condensate processing plant, said construction will commence in the fourth quarter and be completed in 2026.

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