PETRONAS Chemicals Group (PCG) is planning to spend $12 billion on new derivatives and specialty chemicals projects following the completion of its integrated refinery and petrochemical compex in Johor, Malaysia. The company announced that it has shortlisted 20 potential investments, which includes six possible projects in the methane chain, two projects in the ethylene chain, three projects in the propylene chain, one project in the butadiene chain and eight projects in the C5 chain. The company announced that it is targeting to diversify as it gives better economics and allow the company to be more robust in meeting changing market dynamics.