PETRONAS to collaborate on greenfield lube base oil plant in Indonesia

From left: Aris Mulya Azof, Senior Vice President, Downstream, Power, Gas & NRE (Persero); Johan N.B. Nababan, Director of Business Planning and Development, Kilang Pertamina Internasional; Hezlinn Idris, Managing Director & Group CEO, PETRONAS Lubricants International; and Ahmad Adly Alias, Vice President of Refining, Marketing & Trading, PETRONAS

KUALA LUMPUR: PETRONAS Lubricants International (PLI) has signed a jount study agreement (JSA) with PT Kilang Pertamina Internasional (PT KPI) to explore the possibility of a developing a new greenfield lube base oil plant in Refinery Unit IV Cilacap, Central Java.

In a statement, PETRONAS said the two companies will carry out a technical and detailed feasibility study, which is expected to cater to the demand of the Indonesian market as well as growing regional markets including China and Southeast Asia.