Inflow of international investments in Bintulu

KUCHING: Tanjung Kidurong in Bintulu is quick turning into an industrial hotspot in Sarawak, with extra giant funding inflow anticipated from international firms within the petrochemical and medical industries.

The investments in petrochemical, medical and associated industries have been spurred by the state government-initiated growth of the Petrochemical Hub and Sarawak Medical Innovation and Know-how Hub (Smith) there.

Smith is a joint mission by Sarawak Financial Growth Corp (SEDC), Arrow Medsource Group from the US and a number of other different international companions.

The mission is presently below development following a ground-breaking ceremony final month.

SEDC can also be spearheading the event of the petrochemical hub, which covers some 1,067 acres and catering for huge funding alternatives within the downstream petrochemical industries.

The positioning of the petrochemical is positioned about 36km from the Samalaju Industrial Park, which is dwelling to energy-intensive industries like aluminum and ferroalloy smelting crops.

A US-based healthcare firm shall be investing RM1bil to provide medical merchandise in Smith, based on Sarawak Premier Datuk Patinggi Abang Johari Tun Openg.

He mentioned the corporate is now implementing the primary part mission estimated to price RM200mil, to be adopted by one other RM800mil funding within the second part.

“Smith will function a significant hub not just for the event of medical manufacturing and pharmaceutical industries within the area and all through Sarawak, however as an necessary answer to the worldwide medical provide chain points.

“It goals to construct Sarawak’s power in medical manufacturing from primary medical provides to high-end surgical merchandise and gear,” mentioned Johari after touring state-owned Sarawak Petchem Sdn Bhd’s methanol plant mission in Tanjung Kidurong.

The methanol plant, which has a manufacturing capability of 1.7 million tonnes every year, is predicted to return on stream subsequent yr.

The plant will obtain 160 million customary cubic toes per day of pure gasoline feedstock from Petroliam Nasional Bhd.

Johari mentioned a hydrogen and ammonia plant, the primary in Malaysia, will even be constructed within the petrochemical hub as Sarawak takes the lead within the inexperienced financial system within the South-East Asian area.

He mentioned the mission’s buyers, particularly Korea’s Samsung Engineering Co Ltd and Japan’s Sumitomo Corp, will purchase the hydrogen to be produced by the plant estimated at 100,000 tonnes a yr.

Johari added that the state authorities had additionally acquired a number of different funding proposals in Bintulu, together with a second on the petrochemical trade, from new buyers.

Johari has mentioned not too long ago that Sarawak presents some US$25bil (RM105.5bil) in funding alternatives in downstream petrochemical industries to the personal sector.

He mentioned the event of midstream petrochemical industries, equivalent to methanol, ammonia, hydrogen and polyethylene, would additional improve the state’s current downstream manufacturing ecosystem and create extra enterprise alternatives.

Johari additionally introduced the development of an autonomous rail fast transit (Artwork) in Bintulu, which is already dwelling to different gigantic initiatives just like the Malaysian Liquified Pure Gasoline and Shell Center Distillate Synthesis plant, to ease journey between the city and the economic hubs of Tanjung Kidurong.

Johari, who can also be Bintulu Growth Authority’s chairman, mentioned particular funds have been put aside to fund the event of the Artwork mission, the second after Kuching (to be applied) inside 5 years.


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