JAKARTA (The Jakarta Post/Asia News Network): An Indonesian and a Chinese company have inked an agreement to begin a feasibility study for a coal-to-methanol plant worth US$560 million. The announcement comes as the government is pushing for downstream development to get more value out of the country’s rich coal reserves.
The agreement was signed between Indonesia’s Powerindo Cipta Energy (PCE) and China National Chemical Engineering Corporation, which have formed a consortium for the project.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!