Indonesia`s petrochemical industry needs US$22.6 bln in new investment
Jakarta (ANTARA News/Asia Pulse) - Indonesia's petrochemical industry needs an additional investment of U$22.6 billion in the upstream sector in the next five years to support the downstream sector of the industry, PT Tuban Petrochemical Industries said.
Development of the upstream sector is needed to provide feedstock in olefin and aromatic products for the country's plastic industry, the company added.
The additional investment is needed to jack up the growth of the country petrochemical industry from six-seven per cent annually at present to more than 10 per cent.
Development of the upstream sector is needed to provide feedstock in olefin and aromatic products for the country's plastic industry, the company added.
The additional investment is needed to jack up the growth of the country petrochemical industry from six-seven per cent annually at present to more than 10 per cent.