PTT plans $5-billion refinery-petchem jv with Pertamina; Pertamina to partner with Chandra Asri in separate PP jv

Sirisaengtaksin: Petchem complex will be mutually beneficial partnership. PTT Global Chemical (PTTGC; Bangkok) on Friday signed a memorandum of understanding with state-owned Pertamina (Jakarta) to invest jointly $5 billion in an integrated refinery and petrochemical complex on the island of Java, Indonesia. “We are confident that a partnership between PTTGC and Pertamina in a petrochemical complex will be mutually beneficial as it reflects the shared strategic intent of both companies,” says Anon Sirisaengtaksin, CEO of PTTGC. PTTGC plans to...

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