PetChem maintains cautious outlook for 2025

PETALING JAYA: PETRONAS Chemicals Group Bhd (PetChem) is maintaining a cautious outlook for the year ahead, underpinned by the global economic uncertainties.

Managing director and chief executive officer Mazuin Ismail noted that the group continues to operate in an increasingly uncertain global environment, intensified by trade tensions and ongoing market volatility.

“While we observed some improvement in commodity prices and a modest recovery in specialty chemicals demand during the first quarter of 2025, the overall outlook remains cautious.

“In response, we are doubling down on operational and commercial excellence; focusing on safety, cost optimisation and asset reliability to strengthen our resilience,” he said in a statement.

Mazuin said PetChem will continue its stringent financial discipline and prudent capital spending. “Our growth strategy focuses on building a robust project pipeline that responds to evolving industry dynamics,” he said.