PTTGC & Pertamina Prepare to Sign Accord for Indonesian PC Complex

摘要

Jakarta—PTT Global Chemical (PTTGC) and Indonesia's state-owned Pertamina plan to sign an agreement on 10 Dec. establishing a joint venture to build a petrochemical complex in Indonesia (PCN, 8 Apr 2013, p 3). Earlier this year, the two companies signed a Heads of Agreement for an equally-owned joint venture to build an integrated petrochemical project costing between $4-billion and $5-billion. At that time PTTGC and Pertamina agreed to undertake a feasibility study for a complex that includes refining capacity, a world-scale olefins facility and downstream polymer units.