Rongsheng Petrochemicals plans to invest RM80 billion in a petrochemical complex at PIPC
Malaysia's Prime Minister, YAB Datuk Seri Anwar Ibrahim, announced a potential investment of RM170 billion from China. Johor Petroleum Development Corporation Berhad (JPDC) is working with MITI to accelerate the investment process. Rongsheng Petrochemicals plans to invest RM80 billion in a petrochemical complex at Pengerang Integrated Petroleum Complex (PIPC) in Johor. JPDC hopes this collaboration will create more high-income jobs for Malaysians in Pengerang and Johor.