Petronas Chemicals Group (PCG) has reached a final investment decision (FID) to acquire a 113 kta maleic anhydride (MAN) plant from its joint venture company, BASF Petronas Chemicals (BPC), which was previously shut down by BPC. With the FID, PCG will begin a project to upgrade and rejuvenate the facilities to produce refined MAN.  Start-up is expected by the second half of 2025. The FID on the MAN plant signifies the strong commitment towards capturing new growth opportunities through diversification into derivatives and specialty chemicals. Furthermore, the plant will enable future integration of MAN specialty chemical derivatives with both our subsidiaries Perstorp and BRB to deliver innovative solutions, along with possible synergies with other MAN downstream manufacturers in Malaysia.