Home / Knowledge / News / Textiles / Chandra Asri, Ferrostaal ink deal for PP & ethylene plant
Chandra Asri, Ferrostaal ink deal for PP & ethylene plant
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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

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

Prathyusha Garimella
Prathyusha Garimella

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


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