Pertamina, Arrtu to build methanol plants for US$1.9 bln
Jakarta (ANTARA News/Asia Pulse) - Indonesian state oil and gas company PT Pertamina said it will team up with PT Arrtu Mega Energie (AME) to build two methanol factories at a total cost of US$1.9 billion.
Construction of the two factories in Indramayu, West Java and in Peranap, Riau, will start in September, AME president Christoforus Richard said.
The two factories are expected to start operation in 2012 with a total capacity of 1.7 million tons a year, Richard said. Pertamina will have a production share of 20 per cent or 340,000 tons, he said.
Construction of the two factories in Indramayu, West Java and in Peranap, Riau, will start in September, AME president Christoforus Richard said.
The two factories are expected to start operation in 2012 with a total capacity of 1.7 million tons a year, Richard said. Pertamina will have a production share of 20 per cent or 340,000 tons, he said.