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Business deals

Malaysia's Petronas and LG Chem to build glove material plant

State energy firm moves into nitrile as COVID-19 spurs demand for protective gear

Malaysia's state energy company Petronas is hoping to tap growing demand for nitrile gloves used in the health care industry.   © Reuters

KUALA LUMPUR -- State energy company Petroliam Nasional, better known as Petronas, and South Korean chemical giant LG Chem have inked an agreement to build a manufacturing plant in Malaysia to produce nitrile butadiene latex -- a core raw material for making synthetic rubber gloves.

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