Pertamina to build petchem complex in Balongan in 2020
Indonesian oil/gas company Pertamina will start building a petrochemical complex in Balongan, Indramayu next year. This plant will be integrated with its existing refineries.
Read: Pertamina and CPC Corp sign HOA for petchem complex in Java
“This will be the largest integrated refinery and petrochemical plant, located in West Java,” Pertamina CEO Nicke Widyawati said recently.
Nicke said that the petrochemical plant would utilize the location of Pertamina’s refinery in Balongan, Indramayu, as well as the existing facilities.
She said the petrochemical plant will have a processing capacity of up to 350,000 barrels per day of crude oil as well as 2.5 million tonnes/year of petrochemical raw materials.
Pertamina is targeting the petrochemical plant to operate in 2026. Nicke did not disclose the investment allocated for the project.
West Java Governor Ridwan Kamil said Pertamina received investment from a Taiwanese company to build the petrochemical complex. There is also a possible investment from an Abu Dhabi company “for investment,”, he added. The project is valued close to US$8 billion.
The construction process is expected to take a maximum period of five years.