Indonesia’s Petrochemical Industry Attracts Investment of $2.5bn from Taiwan

The Investment Coordinating Board (BKPM) of the Republic of Indonesia, has announced that investors from Taiwan have expressed an interest in investing $2.5bn in Indonesia’s petrochemical industry to manufacture ammonia and mega methanol. The investors have yet to finalise a suitable location for the petrochemical plants, considering the availability of natural gas as the raw material. To implement this project, the investors are planning to build two factories, each on an area covering 100ha of land, in two phases. The first phase would aim at producing 600,000 tons of ammonia per annum and 1.8 million tons of mega methanol in the second phase.

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