Pertamina confirms PTTGC as partner in $5 billion project

Pertamina (Jakarta), Indonesia’s state-owned energy major, has confirmed the selection of PTT Global Chemical (PTTGC; Bangkok) as its partner in a previously announced petrochemical complex on Java, Indonesia. The complex will be based on a 1-million m.t./year olefins facility and will include downstream polymer units intended primarily to supply the rapidly expanding Indonesian market. The polymer units will produce polyethylene, polypropylene, and polyvinyl chloride. Start-up is expected in 2017. The two companies signed a memorandum of understanding last...

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