KUALA LUMPUR: Petronas Chemicals Group Bhd is looking to invest RM3bil in capital expenditure (capex) this year.
Chairman Datuk Wan Zulkiflee Wan Ariffin said bulk of the capex would be for the Sabah Ammonia Urea (SAMUR) project.
He said the project was on track for completion and commercialisation in 2016.
“Once commercialised, we will be the second largest urea producer in the ASEAN region,” he said after the group’s AGM on Monday.
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