BINTULU: A tripartite memorandum of understanding (MoU) was signed between Sarawak Petchem Sdn Bhd, Bintulu Port Authority (BPA) and Bintulu Port Sdn Bhd to jointly collaborate on the establishment and operation of the Sarawak Methanol Jetty within Bintulu Port’s water limits.
Sarawak Methanol Jetty, once completed, will be utilised for the loading and export of Sarawak Petchem’s liquid methanol products generated at its methanol plant which is presently being constructed and expected to be operational in the first quarter of 2024.
The project is in line with the Sarawak government’s intention to advance the realisation of the state’s vision to be the petrochemical hub.
The methanol complex which is built on 432 hectares of land within the Sarawak Petrochemical Hub with a capacity of 1.75 million tons per year will use natural gas as its key feedstock to produce methanol.
Methanol is used to manufacture many consumer and industrial products and is an alternative fuel source.
It is marketed to countries from Asia Pacific, especially in Southeast Asia, Mainland China, Taiwan, Korea, Japan and India.
The signing ceremony was held today and signing on behalf of Sarawak Petchem was its project director Mohammad Ibrahim while BPA was represented by its general manager Mizool Amir Mat Drus and BPSB was represented by the group chief executive officer of Bintulu Port Holdings Berhad Datuk Mohammad Medan Abdullah.
The MoU covers 10 key areas of collaboration such as the safe operations of the Sarawak Methanol Jetty in relation to health, safety, security and environment, the establishment or marine services and jetty management system and he provision of technical advisory and support in relation to the Sarawak Methanol Jetty.