By FITRI WULANDARI
JAKARTA (Bloomberg) -- Indonesia's
Pertamina aims to make a final investment decision on a
proposed petrochemical plant by 2015, the
company said in a statement in Jakarta.
The plant may start operations in 2018. It aims to account
for 30% of Indonesias petrochemical market, valued at
around $30 billion by 2018.
Pertamina will have a 51% stake in the joint venture and PTT
Global Chemical 49%, says Chrisna Damayanto, Pertaminas
The plant will have capacity of 1 million tpy of naphtha,
with feedstock coming from Thailand and
PTT Global Chemical said on November 11 that the expected
joint venture will invest in olefin and aromatics plants with
annual capacity of more than 1 million tons for a total
investment between $4 billion and $5 billion.