News Release

FOR IMMEDIATE RELEASE

TUESDAY, SEPTEMBER 20, 2022

PCG and ExxonMobil to Collaborate on Plastic Recycling in Malaysia

KUALA LUMPUR, Malaysia – PETRONAS Chemicals Group Berhad (PCG), the petrochemical arm of
PETRONAS, and ExxonMobil have signed a memorandum of understanding to assess the potential for
large-scale implementation of advanced plastic recycling technology to help create a circular economy
for plastics in Malaysia. The companies will also evaluate opportunities to support improvements to
plastic waste collection and sorting in the country.

Representing PCG at the signing was Ir. Mohd Yusri, managing director and chief executive officer, and
for ExxonMobil, Dave Andrew, vice president of new market development.

“PCG has been continuously exploring and implementing innovative technologies to develop
sustainable solutions demanded by its customers,” said Ir. Mohd Yusri. “This collaboration is yet another
significant step towards the transition into a circular economy on the back of increased demand for
circular products and signifies our commitment to use recycled raw materials in the chemical industry.”

“Advanced recycling plays an important role in meeting the growing demand for circular products, while
helping to address the challenge of plastic waste,” said Andrew. “Leveraging new technologies and the
expertise of both of our organizations, we hope to accelerate a more circular economy for plastics in
the region.”
The agreement builds on a long-standing relationship between ExxonMobil and PETRONAS that has
seen multiple successful collaborations and business ventures in Malaysia and abroad.

PCG is committed to accelerating the region’s transition to a more circular economy for plastics. The
company is currently conducting several feasibility studies on plastics recycling. In 2019, PCG signed
an agreement with Plastic Energy to convert end-of-life plastics using a pyrolysis process, and the
facility is on track to be operational by 2025. In addition, PCG is collaborating with waste management
companies to unlock the value within the solid waste ecosystem in Malaysia. These collaborations will
help to divert plastic waste from landfills and create an ecosystem that is conducive to the transition to
a circular economy.

To enhance awareness of proper management of plastic waste in Malaysia, PCG also developed an
education module titled “Plastic, Sustainability & You” that is distributed to schools nationwide. The
module was developed in collaboration with The Ministry of Education, Solid Waste Management and
Public Cleansing Corporation and Malaysian Plastics Manufacturers Association. Using the content
from this module, PCG conducted webinar sessions and has successfully reached more than 130,000
people in Malaysia.

ExxonMobil plans to build approximately 500,000 metric tons of advanced recycling capacity at its
integrated manufacturing facilities around the world by year-end 2026. With its proprietary Exxtend
technology at its advanced recycling facility in Baytown, Texas, ExxonMobil has processed more than
5,000 metric tons of plastic waste since the facility started up in 2021, and is on track to complete large-
scale expansion of the facility later this year. The company is assessing additional sites for advanced
recycling in the U.S., Canada, Europe and Singapore, and collaborating with Plastic Energy to build an
advanced recycling plant in France.

ExxonMobil is a founding member of the Alliance to End Plastic Waste, which is focused on accelerating
investment in safe, scalable and economically viable solutions around the world to help address plastic
waste in the environment. ExxonMobil also helped form the Houston Recycling Collaboration, which
brings government, industry, and the community together to improve recycling rates, reduce landfill and
transform waste into a valuable resource.

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For media enquiries, please contact:

ExxonMobil Media Relations PCG Media Relations

US: (972) 940-6007 Yogeswari Thangavelu

M : (6) 017 200 0919
Malaysia:
E : yogeswari.thangavel@petronas.com
Sukiman Mohamad: (+603) 4815-2289
sukiman.mohamed@exxonmobil.com

Jocelyne Shu: (+603) 4815-2484

jocelyne.sm.shu@exxonmobil.com

About ExxonMobil
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creates solutions that improve quality of life and meet society’s evolving needs.

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About PETRONAS Chemicals Group Berhad

PETRONAS Chemicals Group Berhad (PCG) is the leading integrated chemicals producer in Malaysia
and one of the largest in Southeast Asia. It operates a number of world-class production sites, which
are fully vertically integrated from feedstock to downstream end-products. With a total combined
production capacity of 12.8 million metric tons per annum (mtpa), it is involved primarily in
manufacturing, marketing and selling a diversified range of chemical products, including olefins,
polymers, fertilisers, methanol and other basic chemicals and derivative products. Listed on Bursa
Malaysia and with three decades of experience in the chemicals industry, PCG is established as part
of the PETRONAS Group to maximise value from Malaysia’s natural gas resources.

PCG is one of the top 10 companies in the FTSE4Good Bursa Malaysia (F4GBM) Index, out of 200
largest companies ranked by market capitalisation. It is committed to ensuring that its business practices
are in line with globally recognised standards for Environment, Social & Governance (ESG) practices.

Further details on PCG can be found at www.petronaschemicals.com.my