;
Home / Knowledge / News / Textiles / CPC Corp, Pertamina mull new naphtha cracking plant
CPC Corp, Pertamina mull new naphtha cracking plant
06
Jun '18
Courtesy: CPC Corporation, Taiwan
Courtesy: CPC Corporation, Taiwan
CPC Corp, Taiwan’s state-owned oil company, and PT Pertamina, Indonesia’s state-owned oil and gas company, are considering establishment of a joint venture to build a new naphtha cracking plant in Indonesia. Pertamina has proposed four possible locations for the new facility and the Taiwanese firm is expected to send a team for inspection of these locations.

The proposed plant will have a capacity to produce 1 million metric tons of ethylene per year, according to CPC, Taiwanese media reports said.

CPC is likely to invite investment from Taiwanese companies in the new project through a public bidding process, according to the company’s vice president Huang Jen-hung. An assessment report on the project is expected to be completed by November-end this year.

Pertamina had earlier backed out from buying CPC’s Kaohsiung naphtha cracker, citing in part the plant’s relatively small capacity of 500,000 tons, compared to 1 million tons generated by its global competitors. Pertamina had also rejected a plan to relocate the entire Kaohsiung plant to Indonesia.

CPC has now initiated a plan to sell the Kaohsiung facility in full or in part by public tender. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

UK PM Theresa May/Courtesy: Gov.uk

Textiles | On 17th Jan 2019

British PM May survives no-confidence motion

British Prime Minister Theresa May survived a no-confidence motion on ...

Martin Brudermüller, Chairman of the Board of Executive Directors, BASF SE (right) and Gautam Adani, Chairman of the Adani Group signed an MoU ; Courtesy: BASF

Textiles | On 17th Jan 2019

BASF, Adani to evaluate investment in acrylics value chain

BASF and Adani Group have signed a memorandum of understanding (MoU)...

Cambodian PM unveils policy to combat reliance on EU, US

Textiles | On 17th Jan 2019

Cambodian PM unveils policy to combat reliance on EU, US

Cambodian Prime Minister Hun Sen recently launched a policy to...

Interviews View All

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

Leave your Comments


January 2019

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

news category


Related Categories:

Advanced Search