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Chemical Industry In Malaysia is one of the most developed chemical industries of the world. The industry is not only capable of fulfilling the nation's requirement of Chemical Products but also exports its chemical products to the countries like Japan, Hong Kong, China, Singapore, Thailand and even U.S.A.The areas in which the Chemical Industry In Malaysia is specially advanced are the Petrochemicals and Oleo Chemicals. This is because, Malaysia is endowed with huge amount of petroleum resources and Palm Oil resources. In fact, according to a study, Chemical Industry of Malaysia holds the first place in the world in producing and exporting Oleo Chemicals.If we start counting the number of Chemicals and chemical Products that are manufactured by the Chemical Industry of Malaysia, then the list will be a never ending one. The major chemicals and chemical products produced by Malaysia Chemical Industry are:
- Oleo Chemicals
- Industrial Gases
- Agricultural Chemicals and Fertilizers
- Inorganic Chemicals
- Soaps and Detergents
- Cosmetics & Paints
According to a study of Malaysian Industrial Development Authority(MIDA), production of Industrial Chemicals increased by 6.3% in the year 2005. This growth of Chemical Industry contributed to the rise in GDP and rise in Employment in Malaysia.
As Chemical Industry In Malaysia excels in production of Oleo Chemicals and is the leading manufacturer of Oleo Chemicals in the world, 11 projects with investment of 968.4 million rupees were approved for Oleo Chemical Industry to help it to continue holding the first position in the world.
This investment was mainly done for the production of chemical products like:
- Fatty Acids
- Fatty Alcohols
- Stabilizer Blends
- Emulsifier Blends
- Oleo Chemical Derivatives
The Oleo Chemical Industry of Malaysia comprises of not only local manufacturers but also the foreign and multinational joint venture companies. While the resources of Oleo Chemical Industry are Palm oil, Palm oil derivatives and Palm Kernel Oil, the products of Oleo Chemical Industry are used for making the products like plastic, paper, rubber, lubricants, paints, cosmetics and textile auxiliaries.