A significant milestone in Brunei Darussalam's industrial landscape was made on 20th April as Brunei Fertilizer Industries Sendirian Berhad , BFI and Polygel Intermediates Brunei Sendirian Berhad took another step forward in the strategic map for the downstream oil and gas industry. As one of the five priority sectors in the National Economic Blueprint, the collaboration is vital in strengthening Brunei Darussalam's industrial backbone by securing the supply of essential raw materials. Yang Berhormat Dato Seri Setia Doktor Awang Haji Mohd. Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Second Minister of Finance and Economy as the Chairman of BFI stated the matter during the signing of a Memorandum of Understanding between the two companies at the Ministry of Finance and Economy. The collaboration between the two government linked companies reflects a positive shift towards a more robust and integrated downstream ecosystem. The upcoming Acetic Acid and Aniline facility at Sungai Liang Industrial Park, SPARK holds significant further downstream potential.
The MoU explores collaboration opportunities in the supply and delivery of ammonia, and the reciprocal supply of nitric acid. The agreement also outlines joint efforts to explore hydrogen export opportunities, support training and capability development as well as identify and assess downstream developments within the Sungai Liang Industrial Park (SPARK) Area. The collaboration reflects the commitment to strengthening industrial integration and enhancing Brunei's position in the chemicals value chain in line with the national aspirations to promote sustainable industrial growth and optimise resource utilisation.
SOURCE/AUTHOR : RTB NEWS
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