INDONESIA: ADNOC & Pertamina sign MoU to explore crude-to-petchems complex in Indonesia
Abu Dhabi National Oil Co. (ADNOC) and Pertamina have signed a memorandum of understanding (MoU) to explore the potential development of a crude-to-petrochemicals complex in Balongan, Indonesia. The two parties also entered into a sales agreement, in which ADNOC will supply Pertamina with up to 528,000 t/y of liquefied petroleum gas by the end of 2020. Further information on the deals were not available.
At the same time, ADNOC and Chandra Asri Petrochemical (CAP) signed a MoU to look into the possible supply of naphtha to CAP to be utilized as feedstock for the current and potential new cracker complex in Cilegon, Indonesia.
CAP is planning to build a second petrochemical complex in Cilegon, which would include the production of 1.1 million t/y of ethylene, 600,000 t/y of propylene, 300,000 t/y of low-density polyethylene (PE), 450,000 t/y of high-density PE, 450,000 t/y of polypropylene, 335,000 t/y of benzene and around 160,000 t/y of butadiene. Commercial operations are scheduled to begin in 2024, subject to a positive final investment decision expected in the first half of this year.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 20 Jan 2020
(Syed Rashid Ali, Karachi, Pakistan)
Like this article? Share Now!
More news from this section
The European Commission (EC) has approved the proposed transaction between PTT Global Chemical (PTTGC) and ALPLA to create a new joint venture for building a circular plastic resin plant in Map Ta Phut Industrial Estate, Thailand. The joint venture, to be called Envicco Ltd., will build Thailand's "first" recycling plant to manufacture recycled polyethylene terephthalate and recycled high-density polyethylene, PTTGC earlier explained. The commission concluded that the transaction would raise no competition concerns because the overlaps between the activities of the two involved are very limited.
read moreBüfa: Acquisition of AOC (UK) Ltd
As of 3 March 2020, Büfa Composite Systems, a German supplier of tailor-made unsaturated polyester resins and formulations, will acquire Manningtree-based AOC (UK) Ltd, a UK supplier of composite products with over 25 years experience in providing distribution and mixing service. AOC Aliancys will remain, as former owner, the supplier of the resins portfolio. In future, the UK company will trade as Büfa Composites UK.
read more
Write a comment on this article now