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Puteri Harbour Community
- Thread starter Qube3
- Start date
Great! Be nice to have a rooftop bar ......
Yes, maybe we k all meetup at Traders Hotel when it opens..
Petrochemical projects in Pengerang will add value to oil and gas industry
The focus on oil and gas projects, arising from the Economic Transformation Programme, will create a more dynamic and progressive oil and gas industry in Malaysia. Malaysia companies will be able to partake with local and foreign investors to invest in new technologies, new products as well as create countless job opportunities as several of these petrochemical projects take offin the near future.
The Pengerang Integrated Petroleum Complex (PIPC) is one big step in creating value to the downstream oil and gas value chain in Johor. Sited in Pengerang, it is one of the largest pieces of investments in Pengerang district and located on a single plot measuring about 8,100 hectares. The project will house oil refineries, naphtha crackers, petrochemical plants as well as a liquefied natural gas (LNG) import terminal and a regasification plant.
In PIPC, oil refining facilities will add value to imported crude oil via the Pengerang Independent Deepwater Petroleum Terminal (PIDPT). New high-value and high-demand products and by-products, such as polymers, pharmaceutical products and plastics, will be created from the refined feedstock. In creating these products, Malaysia’s petrochemical complexes will be able to generate greater value and investments from its oil and gas sector.
As of June 2012, two major catalytic projects have been committed within the PIPC area. The RM5 billion Pengerang Independent Deepwater Petroleum Terminal (PIDPT) is a joint-venture between DIALOG Group of Malaysia, Royal Vopak of Netherlands and Johor State Secretary Incorporated (SSI). Construction of Phase 1 of the project has already started and is scheduled for completion by Q1 2014. The total storage capacity available at PIDPT is planned for five million cubic metres by the year 2020.
The second mega-project within PIPC is PETRONAS’ RM60 billion Refinery And Petrochemical Integrated Development (RAPID) Project. The RAPID project is expected to be commissioned by 2016. RAPID will have a 300,000 bbl. per day refining capacity while additional petrochemical plants will generate value to petroleum products produced in RAPID.
To ensure that various oil and gas projects within PIPC are managed and administered efficiently, a new dedicated Federal Government agency - Johor Petroleum Development Corporation (JPDC) - was created mainly as coordinator of PIPC development as well as a one-stop information centre to assist investors, oil and gas players and local community. JPDC Board of Directors is well represented by both the Malaysian Federal Government and Johor State Government to align government effort in making PIPC a success. One of the crucial roles for the government is to put in infrastructure and utilities in Pengerang, Kota Tinggi District to cater for the future expansion needs once PIPC is in place. These include construction of new roads, installing a comprehensive network of power, telecommunications and water supplies, upgrading roads to highways to facilitate movements of goods and services and a centralised management of industrial waste products from the complex.
The focus on oil and gas projects, arising from the Economic Transformation Programme, will create a more dynamic and progressive oil and gas industry in Malaysia. Malaysia companies will be able to partake with local and foreign investors to invest in new technologies, new products as well as create countless job opportunities as several of these petrochemical projects take offin the near future.
The Pengerang Integrated Petroleum Complex (PIPC) is one big step in creating value to the downstream oil and gas value chain in Johor. Sited in Pengerang, it is one of the largest pieces of investments in Pengerang district and located on a single plot measuring about 8,100 hectares. The project will house oil refineries, naphtha crackers, petrochemical plants as well as a liquefied natural gas (LNG) import terminal and a regasification plant.
In PIPC, oil refining facilities will add value to imported crude oil via the Pengerang Independent Deepwater Petroleum Terminal (PIDPT). New high-value and high-demand products and by-products, such as polymers, pharmaceutical products and plastics, will be created from the refined feedstock. In creating these products, Malaysia’s petrochemical complexes will be able to generate greater value and investments from its oil and gas sector.
As of June 2012, two major catalytic projects have been committed within the PIPC area. The RM5 billion Pengerang Independent Deepwater Petroleum Terminal (PIDPT) is a joint-venture between DIALOG Group of Malaysia, Royal Vopak of Netherlands and Johor State Secretary Incorporated (SSI). Construction of Phase 1 of the project has already started and is scheduled for completion by Q1 2014. The total storage capacity available at PIDPT is planned for five million cubic metres by the year 2020.
The second mega-project within PIPC is PETRONAS’ RM60 billion Refinery And Petrochemical Integrated Development (RAPID) Project. The RAPID project is expected to be commissioned by 2016. RAPID will have a 300,000 bbl. per day refining capacity while additional petrochemical plants will generate value to petroleum products produced in RAPID.
To ensure that various oil and gas projects within PIPC are managed and administered efficiently, a new dedicated Federal Government agency - Johor Petroleum Development Corporation (JPDC) - was created mainly as coordinator of PIPC development as well as a one-stop information centre to assist investors, oil and gas players and local community. JPDC Board of Directors is well represented by both the Malaysian Federal Government and Johor State Government to align government effort in making PIPC a success. One of the crucial roles for the government is to put in infrastructure and utilities in Pengerang, Kota Tinggi District to cater for the future expansion needs once PIPC is in place. These include construction of new roads, installing a comprehensive network of power, telecommunications and water supplies, upgrading roads to highways to facilitate movements of goods and services and a centralised management of industrial waste products from the complex.
I thought agency cannot accept client money
the reclaimed one is not off pengerang, but on the other side,to the east of causeway. How far east is the question. i'll see if i can get my nephew to provide a map.
MRTA stands for Mortgage Reducing Term Assurance, an insurance that pays for your mortgage in case of death or total permanent disability. Sort of like Mortgage Protector in Singapore. The key difference is for MRTA, the full premium is paid up front, while Mortgage Protector premium is paid monthly. Since MRTA premium is paid up front, banks typically include financing for MRTA, if you opt for it, up to 5% of property purchase value. The actual premium will depend on you age, amount covered, duration, etc. Of course, this will increase your monthly payment as MRTA premium is added to the mortgage principal amount.
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Thanks! Just want to clarify:
If bank A offering you 5% MRTA and bank B offering you 10% MRTA, does that mean that Bank B is better as I pay lesser for this mortgage insurance?
If bank A offering you 5% MRTA and bank B offering you 10% MRTA, does that mean that Bank B is better as I pay lesser for this mortgage insurance?
MRTA's percentage depends on how much insurance you want to cover. Many banks would ask you to cover in full (100% of the loan) yet some may agree to partial coverage. So it does not mean 5% or 10% MRTA is better as it simply mean your insurance is covered for the portion of the loan. The estate of the borrower still have to settle the outstanding loan minus the insurance payout.
The premium is calculated upfront for the whole tenure with the premium tabulated on a decreasing scale as years go by. If you opt to settle early payment of your loan, you can also surrender your MRTa and get a premium refund. Normally there would be 2 loans in the loan package: ie the mortgage loan itself and the MRTA loan.
The premium is calculated upfront for the whole tenure with the premium tabulated on a decreasing scale as years go by. If you opt to settle early payment of your loan, you can also surrender your MRTa and get a premium refund. Normally there would be 2 loans in the loan package: ie the mortgage loan itself and the MRTA loan.
Is it compulsory to take up the MRTA alongside the loans? It is not compulsory in Singapore.
It's optional in Malaysia too.
It is normal in Malaysia. It is part of the loan proposal package.
Some sort of trying to cross sell the banks products while adding credence to the loan application supports.
Some sort of trying to cross sell the banks products while adding credence to the loan application supports.
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Yes quite a lot of units left
Believe you mean progress payment scheme.
The prices given by developer (both UEM/ Encorp) include Developer Interest Bearing Scheme but not sure about Spore prices.
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