The joint venture company will be formed by the subsidiaries of PCG and PT AKR for this purpose. PT AKR’s experience in serving the methanol market is synergistic to PCG’s business. Beyond distributing methanol, we also aspire to extend the chemical range to include other chemical products in the future.
Partnership with PCG marks a significant step in the company’s expansion strategy and strengthens their position as one of the major petroleum and chemicals distributors in Indonesia. PETRONAS Chemicals Marketing Sdn Bhd (PC Marketing), a subsidiary of PCG, and PT AKR Niaga Indonesia (PT Ani), a subsidiary of PT AKR, recently signed an agreement to formalize the joint venture.