Home / Knowledge / News / Textiles / Pertamina & Chandra Asri in JV to set up PP plant
Pertamina & Chandra Asri in JV to set up PP plant
07
Dec '12
PT Pertamina represented by Chrisna Damayanto - Refinery Director signed a Memorandum of Understanding (MoU) with Chandra Asri Petrochemical Tbk., represented by Erwin Ciputra  - President & Director for development, construction, ownership and operation of a polypropylene (PP) factory in Indonesia.

The polypropylene (PP) factory is designed to produce different grades of polypropylene at a capacity of 250,000 tons per year to meet the increasing market demand in Indonesia and neighboring countries in Southeast Asia. The factory is located at Pertamina Refinery Unit VI in Balongan.

Petrochemical is one of the main growing pillars of  Pertamina to reach the vision as World Class Energy Company and to become the Champion in Asia by 2025. As such, Pertamina is committed to integrate the refinery business with petrochemical to maximize the added value to Indonesia's natural resources.

Furthermore, the MOU also stresses the collaboration of two major national companies to build Indonesia Incorporated in petrochemical industry in Indonesia.

After the MOU signing, both companies will form joint team that focuses on the finalization of the strategic agreement to form a joint venture.

Pertamina

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search