Chemicals Advance Materials - Petroleum Products - MIDA | Malaysian Investment Development Authority
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Chemicals Advance Materials – Petroleum Products

Petroleum Products
including Petrochemicals

The petroleum products and petrochemicals sector are a prominent and well-established industry in Malaysia, with the nation serving as a significant exporter of various petrochemical goods. These products play a vital role in everyday items like plastics, fertilisers, and apparel. Despite challenges posed by the COVID-19 pandemic, slow demand growth, and capacity expansion, the global petrochemical market was projected to grow to $950.1 billion by 2028, with Malaysia’s industry expected to achieve a higher growth rate of 5-6%, surpassing the country’s GDP.

In response to global trends, industry players are adapting their strategies. Decarbonisation efforts are reducing emissions from stationary combustion, and the focus is on electrification using clean energy for processes like fractional distillation. Investments in energy efficiency and innovative technologies, such as green hydrogen and carbon capture, storage, and utilisation (CCSU), are encouraged. Green hydrogen, derived from renewable sources, is becoming more feasible due to decreasing costs. Additionally, ‘turquoise’ hydrogen holds promise.

Carbon capture and utilisation technologies are being applied throughout the energy value chain, with captured carbon dioxide being stored in depleted offshore reservoirs and then converted into valuable products. Advanced chemical recycling initiatives in Malaysia are transforming plastic waste into recycled resin using pyrolysis, contributing to sustainability efforts.

The Ministry of Investment, Trade and Industry (MITI), in collaboration with the Malaysian Investment Development Authority (MIDA), is leading the way in setting up essential policies and support to attract new green investments into the industry in the years ahead.


Domestic Investments

(RM0.3 bil)

RM5.9 bil

Total Approved Investments in 2022



Foreign Investments

(RM5.6 bil)

RM5.9 bil

Total Approved Investments in 2022


Domestic Investments

(RM0.3 bil)


Foreign Investments

(RM5.6 bil)


Approved Projects


Job Opportunities

RM148.7 bil

Total Imports

RM163 bil

Total Exports

For more statistics, please click here.

6 Oil Refineries in Malaysia

Hengyuan Refining Company Berhad
Port Dickson, Negeri Sembilan

PETRONAS Penapisan (Terengganu) Sdn. Bhd.
Kertih, Terengganu

Malaysian Refining Company Sdn. Bhd.
Tangga Batu & Sg. Udang, Melaka

Petron Malaysia Refining & Marketing Berhad
Port Dickson, Negeri Sembilan

Kemaman Bitumen Company Sdn. Bhd.
Kemaman, Terengganu

Pengerang Refining Company Sdn. Bhd.
Pengerang, Johor

2 Naphtha Crackers in Malaysia

Lotte Chemical Titan (M) Sdn. Bhd.
Pasir Gudang, Johor
(2 Naphtha Crackers)

Pengerang Refining Company
Sdn. Bhd. Pengerang, Johor

2 Ethane Gas Crackers in Malaysia

PETRONAS Chemicals Ethylene Sdn. Bhd.
Kertih, Terengganu

PETRONAS Chemicals Olefins Sdn. Bhd.
Kertih, Terengganu

Natural Gas LNG Facility in Malaysia

There are 4 Liquefied Natural Gas (LNG) Facilities in Malaysia:-
1. Malaysia LNG Sdn Bhd (MLNG Satu)
2. Malaysian LNG Dua Sdn Bhd (MLNG Dua)
3. Malaysia LNG Tiga Sdn Bhd (MLNG Tiga)

Floating LNG Facility

There are 2 floating LNGs in Malaysia:-
1. PETRONAS Floating LNG 1 (PFLNG Satu)
2. PETRONAS Floating LNG 2 (PFLNG Dua)

Our Investors' Highlights

The Pengerang Integrated Complex (PIC) is a $USD 27 billion investment. The refinery has a capacity of 300,000 barrels of crude daily.

- PrefChem

Get Started

MIDA provides comprehensive support to your business as you consider the competitive and comparative advantages Malaysia has to offer for your investment. Explore our dedicated resources, wide range of facilities or consultation services to assist you in expanding your operations here.
Learn more about the essential forms and guidelines to help you get started on your journey in Malaysia’s manufacturing sector.
Submit your application for a Manufacturing License or other incentives here