February 10, 2017 / 10:37 AM / a year ago

BRIEF-PCC Exol, PCC Rokita's unit signs framework agreement with PCG

Feb 10 (Reuters) - PCC Exol SA:

* PCC Exol and PCC Rokita’s unit, Elpis Sp. z o.o. (Elpis), signs a framework agreement with Petronas Chemicals Group Berhad (PCG) concerning an investment in oxy-alkylates production

* The unit also signs a deal with Petronas Chemicals Marketing Labuan for the delivery of ethylene oxide which is the main ingredient for oxy-alkylates production

* Elpis to set up a unit in Malaysia related to the investment

* PCG will have the right to buy 50 percent of the new unit within 2 years once the production starts Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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