Indonesian Political, Business & Finance News

Palm oil ports, oleochemical plants planned for E. Kalimantan

| Source: GOI
An investor from the United Arab Emirates plans to invest $636.8 million to develop palm oil ports and terminals, railroads and industrial estates in East Kalimantan, Governor Awang Faroek Ishak said, Bisnis Indonesia reported.

He added that at least seven local investors plan to build oleochemical factories with an initial investment of $272.3 million in the province this year, Asia Pulse reported.

The investors want to produce fatty acid, fatty alcohol and glycerol with factories to be built in the Maloi Industrial Estate in East Kalimantan, he said.
Tags: business
View JSON | Print