Home / Knowledge / News / Textiles / Indonesia on way to become net exporter of petrochemicals
Indonesia on way to become net exporter of petrochemicals
15
Dec '12
The Government of Indonesia wants the country to become net exporter of petrochemical goods by 2016 from its current status of net importer, and hence it is developing two new upstream petrochemical centres.
 
Muara Enim in South Sumatra and Bintuni Bay in West Papua have been selected as the sites for the proposed petrochemical industrial centres, Mr. Panggah Susanto, director general for manufacturing-based industry in the Ministry of Industry, said, The Jakarta Post reported.
 
While the first petrochemical centre would produce methanol, the second centre would also produce polypropylene, in addition to methanol, Mr. Susanto said.
 
In addition to the two new industrial centres, the Government is also considering setting up of naphtha crackers with annual production capacity of one million tons of ethylene and aromatic plans for production of chemicals such as benzene and toluene – raw materials for production of paraxylene used in the textile sector, he added.
 
In 2011, Indonesia imported petrochemicals worth US$ 6 billion and the amount is likely to increase by about 10 percent this year, owing to growing demand from the textiles and plastics industries, according to the Ministry of Industry.
 
The Indonesian Government is providing various incentives, including tax holidays, for setting up new petrochemical plants in the country. 
 
In collaboration with an overseas firm, state-owned oil and gas company PT Pertamina is planning to invest about US$ 5 billion for setting up a naphtha cracker.
 
Recently, South Korean Honam Petrochemical Corp., the second-largest petrochemical producer in Asia, expressed its interest to construct a US$ 5 billion petrochemical complex in Cilegon, Banten.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Textiles | On 25th Jul 2017

Pakistan’s textile exports stay stable in FY17

The value of textile and garment exports made by Pakistan increased...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X