DIALOG Group Berhad has announced that its 25 percent indirectly owned joint venture company, Pengerang Terminals (Two) Sdn. Bhd., signed a Terminal Usage Agreement with Pengerang Biorefinery Sdn. Bhd. on 29 July 2025. This agreement facilitates PT2SB in providing storage and handling facilities for PBSB’s feedstocks and products as part of “The Expansion Project.”
The Expansion Project will see PT2SB expand and develop a dedicated storage capacity of approximately 272,000 cubic metres for PBSB. The total investment for this expansion is around USD 330 million, which includes costs related to shared terminal facilities. The project is backed by a 25-year long-term take-or-pay TUA and will leverage the efficiencies of PT2SB’s existing capacity and infrastructure.
PT2SB operates a dedicated deep-water terminal that serves the Pengerang Integrated Complex. Its shareholders include Dialog Equity (Two) Sdn. Bhd., a subsidiary of DIALOG (25 percent); PRPC Utilities and Facilities Sdn. Bhd., a subsidiary of Petroliam Nasional Berhad (PETRONAS) (40 percent); Vopak Terminal Pengerang BV, a subsidiary of Royal Vopak (25 percent); and Permodalan Darul Ta’zim Sdn. Bhd., a state-owned company in Johor (10 percent).
PBSB, on the other hand, is a joint venture with ownership divided between PETRONAS Mobility Lestari Sdn. Bhd., a subsidiary of PETRONAS (42.5 percent); Enilive S.p.A, a company directly controlled by Eni S.p.A. (42.5 percent); and Euglena Sustainable Investment Limited, a subsidiary of Euglena Co., Ltd. (15 percent).
PBSB’s biorefinery is expected to process approximately 650,000 tonnes of raw materials annually to produce Sustainable Aviation Fuel and other biofuels, including Renewable Diesel/Hydrogenated Vegetable Oil, to meet the increasing demands of the global aviation and transportation sectors.
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