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Pertamina and PTTGC sign HOA for Indonesian petchems JV (Update)

1:59 AM MST | December 11, 2013 | Natasha Alperowicz

PTT Global Chemical (PTTGC; Bangkok) today released more information regarding its manufacturing joint verture's heads of agreement (MJV-HOA) with Pertamina, the Indonesian national oil company for the joint investment in a previously announced world scale petrochemical complex in Indonesia. The complex is expected to start commercial operation in 2018. The joint investment will include a world scale cracker and downstream products complex with no investment in the refinery complex, PTTGC says. Preliminary investment cost is estimated to be about $5 billion. The...

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