Petronas Chemicals Group Berhad (PCG; Kuala Lumpur, Malaysia; www.petronaschemicals.com.my/) and Accsys Technologies PLC’s (London, U.K.; www.accsysplc.com) subsidiary Tricoya Technologies Ltd. (TTL) announced plans to evaluate the feasibility of jointly funding, designing, building and operating an integrated acetic anhydride and Tricoya wood elements production plant in Malaysia.
It is intended that the Tricoya wood elements produced at the plant would use acetic acid from PCG’s existing joint venture in Malaysia. The evaluation is expected to include preliminary engineering studies, regional customer and market feasibility assessments and financing arrangements. Under the terms of the agreement, the parties have agreed to carry out the evaluation exclusively for a period of at least 18 months.