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People & Business :: Emerging Companies
Indonesia starts construction of first bioethanol facility
5:56 AM MDT | August 22, 2013 | Francinia Protti-Alvarez
PT Energi Agro Nusantara (Surabaya, Indonesia), a subsidiary of PT Perkebunan Nusantara (PTPN X; Surabaya) has started construction of Indonesia's first bioethanol plant at Mojokerto, East Java, PTPN X announced. The plant is being built in partnership with the Industry Ministry (Jakarta) and the Japanese government via the New Energy and Industrial Technology Development Organization (NEDO; Kawasaki, Japan), and will cost 461.21 billion Indonesian rupiah ($42.9 million). NEDO will contribute Rp150 billion and PTPN X will allocate Rp311.21 billion from its...
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