KUALA LUMPUR – Domestic upstream capital investment and active offshore maintenance programs continue to be critical to the stability of Malaysia’s oil and gas service business. While global oil benchmarks remain sensitive to geopolitical tensions, active platform maintenance, offshore expansion, and downstream refinery throughput continue at high levels. The prolonged operational intensity of upstream offshore platforms, coastal supply bases, and downstream refining complexes generates large amounts of hazardous industrial liquid waste, such as chemical slops, contaminated bilge water, and spent lubricants (SW305/SW306). Leaders in circular waste management, such as Pentas Flora, see an increase in demand for DOE-licensed vessel de-slopping, port reception facilities, and circular re-refining of marine oily sludge (SW305/SW306) into re-refined base oil (RRBO) as a result of the tightening global maritime standards. This helps international shipping lines continue to operate at major Malaysian ports while meeting their obligations under global ESG compliance.
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(Source: The Star)