INDONESIA: Pertamina team up with Taiwan’s CPC to build naphta cracking plant in Indonesia

State-owned oil and gas holding PT Pertamina and its Taiwanese partner CPC Corp., is looking to establish a naphtha cracking plant in Indonesia, said the company on Sunday (3 June 2018).

CPC estimates it will take an investment of around USD 700 million to construct a new plant with a capacity of 1 million t/y of ethylene. The Indonesian firm is now looking to establish a joint venture with CPC to build a new facility in the country.

CPC’s Vice President Huang Jen-hung said, Pertamina itself has proposed four possible locations for the new naphtha cracking plant. An assessment report on the construction of the new naphtha cracker is expected to be completed around late November, Huang said.

Source: “The Insider Stories”, Jakarta; 4 June 2018
(Syed Rashid Ali, Karachi, Pakistan)