Indonesia and China recently signed a memorandum of understanding (MoU) to conduct a feasibility study of a $560-million coal-to-methanol plant, according to the former’s industry ministry. The signing ceremony in Jakarta was attended by industry minister Agus Gumiwang Kartasasmita and representatives from PT Powerindo Cipta Energy (PT PCE) and China National Chemical Engineering Corporation (CNCEC).
"The cooperation to build a coal-to-methanol plant is very important for the industrial sector. The Industry Ministry really appreciates companies with a vision to initiate coal gasification projects and support this pioneering industrial investment plan," Kartasasmita was quoted as saying in a ministry press release.
The plant is expected to be built in Meulaboh city situated in the Aceh province. With an investment value of $560 million dollars, it will process 1.1 million tonnes of coal into 600,000 tonnes of methanol annually.
Indonesia and China recently signed an MoU to conduct a feasibility study of a $560-million coal-to-methanol plant, according to the former's industry ministry. The signing ceremony in Jakarta was attended by industry minister Agus Gumiwang Kartasasmita and representatives from PT Powerindo Cipta Energy and China National Chemical Engineering Corporation.#
"This project will absorb 600 to 700 workers. Based on the plan, the project will enter the construction stage in mid-2022," the minister said.
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