The proposal involves Indorama Ventures and Highchem developing higher-value products from Sarawak’s gas resources. Premier Abang Johari Tun Openg said the plan could support skilled jobs and the state’s move towards lower-carbon industrial development.

The money is not committed yet. Sarawak Petchem and the companies are expected to work through the details, with another discussion planned in Bangkok in October. For Bintulu and the wider Sarawak economy, the next milestone is whether those talks produce a defined project, timeline and investment agreement.