TEMPO.CO, Bandung - Pertamina will start building a petrochemical factory in Balongan, Indramayu next year. This plant will be integrated with existing refineries.
"This will be the largest integrated refinery and petrochemical plant, located in West Java," Pertamina CEO Nicke Widyawati said after meeting with West Java Governor M. Ridwan Kamil on Wednesday, November 27.
Nicke said that the petrochemical plant would utilize the location of Pertamina's refinery in Balongan, Indramayu, as well as the existing facilities.
She said the petrochemical plant will have a processing capacity of up to 350,000 barrels per day of crude oil. "And for petrochemicals, it can process around 2.5 million Nafta (petrochemical raw materials)," Nicke said.
Pertamina is targeting the petrochemical plant to operate in 2026. Nicke did not say how much investment is disbursed for the project.
West Java Governor Ridwan Kamil said Pertamina received investment from a Taiwanese company to build the petrochemical factory. There is also a possible investment from an Abu Dhabi company "for investment in Indramayu," he said on Wednesday.
"The concrete amount is roughly US$8 billion, or close to Rp100 trillion.
Ridwan Kamil said the construction process would take a maximum period of five years.
Ahmad Fikri (Contributor)