Interviews
Pertamina & Mitsubishi sign JV for petrochemical unit
11 Dec '12
1 min read
The Indonesian state-owned oil and natural gas corporation Pertamina has signed a memorandum of understanding (MoU) with the Japanese multinational corporation Mitsubishi to establish an integrated petrochemical unit in Indonesia.
The bilateral agreement between the two companies would support Pertamina’s refinery business and strengthen its standing as the leader of the country’s petrochemical sector, said Karen Agustiawan, president director Pertamina, in a statement.
Owing to an aggressive expansion plan within and outside Indonesia, Pertamina recorded a 26 percent growth in assets since last year.
Owning the fifth largest refinery assets in Asia, the Indonesian company aims to become a world class energy company by the year 2025.
A week earlier, Pertamina had signed a MoU with Chandra Asri Petrochemical Tbk for development of a polypropylene plant.
Fibre2fashion News Desk - India
Popular News
Leave your Comments
Editor’s Pick
Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
Anita Dongre & Yash Dongre
House of Anita Dongre Limited
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
