TEMPO Interactive, London:The Investment Coordination Board chairman, Gita Wirjawan and Managing Director of Sasol Synfuels International, Ernst Oberholster, signed an agreement in London Thursday last week to develop cool-to-liquid facilities in Indonesia. Sasol is a synthetic fuel-producing company.
The agreement is the continuation of a south-south collaboration and bilateral cooperation between Indonesia and South Africa in the field of energy development pioneered by President Susilo Bambang Yudhoyono in South Africa four years ago.
The government is optimistic that Sasol technology can benefit Indonesia. “This technology can make the most of coal reserves in Indonesia and reduce Indonesia’s dependency towards fuel imports,” Gita said in his written statement last Friday.
The technology developed by Sasol plans to produce at least 800.000 barrels of fuel to meet the requirements of the transportation sector in Indonesia. The project value is estimated at US$ 10 billion.