Home / Knowledge / News / Textiles / Chandra Asri, Ferrostaal ink deal for PP & ethylene plant
Chandra Asri, Ferrostaal ink deal for PP & ethylene plant
20
Jul '13
courtesy: Ministry of Industry, Indoneisa
courtesy: Ministry of Industry, Indoneisa
Indonesia’s largest petrochemical firm PT Chandra Asri and German company Ferrostaal Industrial Projects GmbH have signed an agreement to set up a methanol-based olefin production complex in Indonesian province of West Papua.
 
The complex, to be set up in Teluk Bintuni region would have an annual capacity to produce up to 400,000 tons of polypropylene (PP) and 175,000 tons of ethylene, according to The Jakarta Post report.
 
The construction work for the US$ 1.89 billion project would start after completion of the feasibility studies as well as the decision on gas prices and allocation from the Ministry of Energy and Mineral Resources.
 
However, the Tangguh liquefied natural gas (LNG) plant in West Papua is expected to supply gas for the petrochemical complex, which is expected to be completed by 2019.
 
The Indonesian Government is currently focusing on development of the petrochemicals sector, along with other sectors, for industrial growth. The growth of petrochemical sector is expected to decrease the country’s dependence on imports of propylene, ethylene, polypropylene and methanol.
 
In 2012, Indonesia imported petrochemicals worth US$ 8.5 billion from several countries, including Singapore and Thailand.
 

Fibre2fashion News Desk - India


Must ReadView All

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: CBEC

Textiles | On 17th Aug 2017

E-commerce firms need to file monthly statements: CBEC

India’s Central Board of Excise and Customs (CBEC) has clarified that ...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

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

Yes No

Active Poll

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

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

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

Yes No

Active Poll

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

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

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

Active Poll

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

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


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



X