Jakarta (ANTARA News/Asia Pulse) - Five Indonesian petrochemical companies plan to invest a total of US$1.12 billion this year, the association of olefin and plastic industries said. The projects planned by Chandra Asri, Dow Chemicals, Pertamina, Polytama and Try Polyta are expected to reduce a deficit in the supplies of petrochemical products in the country, the association said.

Chandra Asri, the country's largest producers of petrochemicals, wants to build two factories in Banten, the association said. The company will build the country's first butadiene factory with an investment of US$100 million and a BTX extraction plant to cost around US$70 million.

Meanwhile, US company Dow Chemicals plans to spend US$500 million on a petrochemical factory project, and state oil and gas company PT Pertamina to spend US$200 million on a polyethylene factory project in Balongan, West Java.


Source:
Business in Asia Today - Feb.10, 2010
published by Asia Pulse

Editor: Ricka
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