Indonesian-Chinese consortium begins study on US$560mil coal-to-methanol plant

Industry Minister Agus Gumiwang Kartasasmita attends the signing ceremony for an agreement between Powerindo Cipta Energy and China National Chemical Engineering Corporation to begin a feasibility study for the coal-to-methanol plant. - Industry Ministry/Public relation team This article was published in thejakartapost.com with the title "Indonesian-Chinese consortium begins study on $560M coal-to-methanol plantCoal gasification project launched in South Sumatra". Click to read: https://www.thejakartapost.com/news/2019/03/05/coal-gasification-project-launched-in-south-sumatra.html. Download The Jakarta Post app for easier and faster news access: Android: http://bit.ly/tjp-android iOS: http://bit.ly/tjp-ios

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.