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INDONESIA: Honam signs Indonesian land deal for cracker & downstream units
Last year, Honam said it was considering foreign locations, including Indonesia, for new petrochemical projects as part of the company’s mid- and long-term investment plans.
The project, for which feasibility studies are underway, would cost up to $5-billion and involve the production of 1-million t/y of ethylene, 550,000 t/y of propylene, 600,000 t/y of polyethylene, 600,000 t/y of polypropylene, 700,000 t/y of monoethylene glycol and 140,000 t/y of butadiene.
About 80% of the output will be sold on the local market, with the rest to be exported. “We anticipate that the construction will be completed by 2016,” Kim noted.
Source: Daily "The Jakarta Post", Jakarta; 13 Feb 2012
(Syed Rashid Ali, Karachi, Pakistan)
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