Platts 2004/1/21

Indonesia's Petrowidada assessing damage at PA complex after fire

Petrowidada said early Wednesday it was still assessing the damage caused by a major fire Tuesday at its 140,000 mt/yr phthalic anhydride complex at Gresik, Surabaya, that killed two people and injured about 70 others. The fire, which followed two explosions, hit the complex at around 1800 local time


Petrowidada is the Southeast Asia's major producer of Phthalic Anhydride (PA). At the beginning, Petrowidada produced PA commercially in 1989 with initial installed capacity of 30,000 MTPA. Due to the increase of PA demand throughout the region and worldwide, Petrowidada, having operated its facility above its capacity of 70,000 MTPA since 1996, now it is awaiting to see the completion of its most advanced third PA plant which is scheduled to be completed in the 3rd quarter of 2001 and started its commercial production in the 4th quarter of 2001. This PA III plant will give additional production capacity of 70,000 MTPA making Petrowidada become one of the biggest PA producers in the world. Petrowidada currently is the sole PA producer in Indonesia.
PA is a colorless, crystalline organic compound and is an essential raw material in the production of plasticizers, unsaturated polyester resins, alkyd resins, dyes and pigments, and other chemical products such as herbicides, polyester polyol, etc. Up to now, there is still no substitution ingredient for PA.

Strategic Partnership
One of Petrowidada's underlying strengths is the support and strategic business competencies of its shareholders, which comprise of
PT Eterindo Wahanatama Tbk, Daewoo Corporation, PT Petrokimia Gresik (persero), PT Wisma Pintu Sembilan and PT Justus Kimia Raya. Being one of the subsidiaries of PT Eterindo Wahanatama Tbk, Petrowidada has strengthened and widened the Eterindo group strategic integration plan.

PT Petrowidada was established by Daewoo Corporation, Petrokimia Gresik (persero) and PT Witulan.

PT Eterindo Wahanatama Tbk purchased new shares issued by Petrowidada and became the major shareholder.

First expansion of production facility was realized by the completion of the second PA line. New PA plant gives additional capacity of 40,000 MTPA, making
a total of 70,000 MTPA production capacity.

Construction of third PA line is in progress and expected to be completed by Q3 this year and commercial production of such line will be commenced in Q4-2001 by the time this plant is completed, PT. Petrowidada will have
another edition of 70,000 MTPA in capacity.

PT Eterindo Wahanatama Tbk

PT Eterindo Wahanatama Tbk was incorporated in 1992 as the flagship company of the Eterindo group. Eterindo group's activities was initiated actually in 1965 when the Sridjaja family started their trading business of chemical products. Through a continuous learning process and abundance of business experience, nowadays, with its current four operating companies as its subsidiaries, Eterindo manifests into one among the largest and most integrated Specialty Chemicals manufacturers in Southeast Asia producing upstream and midstream chemical products used in the manufacture of many consumer and industrial goods.

The generic chemical products are : Phthalic Anhydride, Plasticizers, Unsaturated Polyester Resins, Alkyd/Amino Resins, Synthetic Latex Resins, and Specialty Plasticizers. While Phthalic Anhydride and Plasticzers (DOP) are two commodity products because they are massively produced, the resins are considered as specialty chemical products since they are tailor-made to suit the request from customers.

中国・ASEANニュース速報 2004年11月2日





* コンデンセートとは、天然ガスの採取・精製の過程で得られる常温・常圧で液体の炭化水素をいう。

Dow Jones Business News  March 26, 1997

Bechtel, Indonesia Humpuss In Pact On $1.2B Aromatics Plant

Humpuss group has reached an agreement with the U.S.' Bechtel Corp. which will allow it to complete construction of the first stage of a planned US$1.2 billion aromatics plant in northern Sumatra, breaking a near year-long delay over the project, sources familiar with the deal told Dow Jones.

Bechtel declined comment on the reported agreement and referred all inquiries to Humpuss, a business group owned by President Suharto's youngest son,
Hutomo Mandala Putra, also known as 'Tommy'.

PT Humpuss Aromatic managing director Suyatno was also unavailable, but the sources say a Bechtel affiliate will buy
naphtha from the $350 million condensate splitter in what amounts to a counter-trade deal that will get Humpuss over financial difficulties it encountered last year with construction about 80% complete.



 インドネシアの報道によると、シンガポールの政府系投資機関のテマセク・ホールディングスは、インドネシアのチャンドラ・アスリの株式 50.45% を 7億ドルで買収した。コメルツバンク・インターナショナルの所有する 24.59% と Glazers & Putnam Investment Ltd.(マレーシア)の所有する 25.86% を買収したもので1月27日に株の受け渡しを行った。

 チャンドラ・アスリはインドネシア唯一のエチレンセンターで、1989年にスハルト元大統領の一族と丸紅主導の日本インドネシア石油化学投資が設立し、1995年に稼動を開始した。能力はエチレン 51万トン、ポリエチレン 30 万トン。


 チャンドラ・アスリの残りの49.55% はBarito group の PT Inter Petrindo Inti Citra が所有している。


Temasek Buys 50.45% Stk In Chandra Asri

Temasek Holdings Pte. Ltd., Singapore's state-owned investment company, has completed a 50.45% acquisition in Indonesia's debt-laden petrochemical company PT Chandra Asri, with a transaction value of $700 million, reports the Investor Daily newspaper.

"The transfer of shares was conducted Friday," the newspaper quotes Suhat Miyarso, Chandra Asri's corporate secretary as saying.

Temasek bought the shares from several shareholders, including Commerzbank International Trust Singapore Ltd., the report says.

INDORAMA SPL Group   http://www.indorama.co.in/group.htm

INDORAMA SPL Group was started about two decades ago in Indonesia by Lohia Family. Today, it is a US$ 600 million conglomerate with core business of Polyester and Textile. The group is also involved in Chemicals, Cement, Rubber Products, Marine farming, Real estate development and other Infrastructure projects. The Group has manufacturing facilities in Indonesia, Thailand, India, Turkey, Sri Lanka and marketing offices in Europe, Africa, Latin America, Hongkong and Singapore.

INDORAMA's Products are exported to over seventy countries across the world. The company has gained acceptance in global financial markets and has built a formidable reputation as a supplier of high quality products.
Indorama Synthetics is one of the Indonesia's leading business, voted as one of the best managed companies in Indonesia by Asia Money's poll of fund managers every year since 1992 since the poll was introduced.

The INDORAMA Group is managed by a team of highly qualified professionals ,led by Mr. S. P. Lohia, INDORAMA's dynamic Chairman who is responsible for globalizing the group.

Lohia Family, which is a well established Indonesian business group of Indian origin

OP Lohia's Indo Rama Synthetics (India) Ltd.   OP Lohia is SP Lohia's brother.

Indorama SPL close to buying Nigerian chem co for $225m

IFC Invests $155 Million in Eleme Petrochemicals

Indorama SPL Group

Indonesia Real Estate(Jakarta) Real Estate
Indorama Synthetics(West Java) PET Resin
Filament yarns
Polyester Fiber
Spun yarns
Medisage(Medan) Medical gloves
India Real Estate(New Delhi) Real Estate
Indorama Cement (Mumbai) Cement
India * Indo Rama Synthetics (India) Ltd. Polyester
Srilanka Isin Lanka (Colombo) Spun yarns
Thailand Indopoly(nakhonpathom) Filament yarns
Polyester Fiber
Indorama Petrochem (Mapthaphut)  PTA
Indorama Polymers PCL
S.P.Lohiaの弟のAloke Lohia(APL)の事業
PET Polymers
PET Preforms
HDPE Closures
Turkey Indorama Iplik (Corlu) Spun yarns
Nigeria Indorama Polyolefins (Port Harcout) Polyolefins
Egypt Indorama Egypt Petrochemicals (New Damietta) Ammonia

* OP Lohia (SP Lohia's brother)が経営(別経営)

The Plastics Exchange 2006/2/18

Indorama SPL close to buying Nigerian chem co for $225m

Close on the heels of
Dr Reddy's acquisition of Germany's betapharm, another company with Indian links is on the verge of a major buyout overseas. It is reliably learnt that the SP Lohia-promoted Indorama SPL group, based in Indonesia, is close to acquiring Nigeria's state-owned Eleme Petrochemicals company for $225m.

Eleme Petrochemicals company

The design capacities of the complexesplants are as follows:

Plants Design plant Capacities
Olefins  300,000Tonnes/Year
Polyethylene  250,000
Polypropylene   80,000


Reuters 2006/5/4

Nigeria petchem plant to restart in 3 mths-Indorama

Indonesia's Indorama within the next three months will restart the moribund Eleme Petrochemicals Company Ltd (EPCL) it acquired for $225 million, Nigeria's privatisation agency said on Thursday.

The Bureau for Public Enterprises (BPE) said Indorama Group, which won a 75 percent stake in the firm at an auction in December, has assumed management control. It will work with a interim board headed by S.P. Lohia, until July when it will formally takeover the the plant.

Indorama, Indonesia's largest polyester producer, acquired the troubled firm without liabilities, after out-bidding local firm Dangote Group.

Feb 22, 2007 AllAfrica Global Media

IFC Invests $155 Million in Eleme Petrochemicals

International Finance Corporation (IFC), the investment arm of the World Bank, will invest $155million in
Eleme Petrochemical Company Limited (EPCL). The company will also fund a comprehensive turnaround programme designed to return the firm to profitability.

The statement said "IFC will provide a
$50 million loan and has raised commitments for an additional $80 million from commercial lenders for Indorama Petro Limited, a special purpose vehicle created for the acquisition that is wholly owned by Indorama International Finance."

"In addition, IFC will provide
$25 million in debt directly to Eleme for its turnaround capital expenditure program. Eleme produces petrochemicals, such as polyethylene and polypropylene that are used for a wide range of industrial and household products."

日本経済新聞 2006/9/12

インドネシア最大級石油精製所建設計画 ベネズエラも参画へ






2006/2/22 Indonesia Today       CITIC to Acquire Kazakhstan Oil Assets 

Hashim to sell Nations Energy US$2 billion  

Very few in Indonesia aware that Hashim Djojohadikusumo has become an oil baron. He has been disapeared from public eyes in the last few years. While most of his assets in Indonesia have been taken over or pledged to Indonesia Bank Restructuring Agency (IBRA) following the financial crisis in 1997, Hashim has huge assets overseas.
One of them is Nations Energy Co. Ltd., founded in 1996 as a private Canadian company to pursue international oil and gas exploration and production projects. Hashim is the chairman and president of Nations Energy.
JSC karazhanbasmunai, a 94.6% owned subsidiary in Kazakhstan, was purchased in 1997 where it has grown from an average of 4,900 bpd in 1999 to over 50,000 bpd at the end of 2004. Hashim's older brother Prabpowo Subianto is the chairman of JSC Karazhanbasmunai.
In 2003, Nations Energy started additional oil field activity in Azerbaijan. In 2003, Nations Energy also invested in a publicly traded Canadian company with oilfield activity in California, USA.

Early last month, media reported that Chaina National Overseas Oil Company (CNOOC) was about to buy Nations Energy at US$2 billion. But early this month CNOOC denied the report.Media then speculated that India's Oil and Natural Gas Company may enter the bidding.OAO Lukoil, Russia's biggest oil producer, is also interested in Nations Energy.
Nations Energy proven reserves in Khazakhstan and Azerbaijan exceeds 400 million barrels.

The question, why Hashim want to sell these oil fields while they're profitable ?
Some says he want to comeback and buyback his assets in Indonesia, including the recently-started Tuban Petrochemical Complex and financing his brother's ailing PT Kiani Kertas through Merrill Lynch.

PT. Kiani Kertas
元スハルト大統領の女婿(スハルトの末娘 Siti Hediati Haryadi=Titiek. Prabowo の夫)で軍の特殊部隊の司令官を務めていたプラボオ元中将Prabowo Subianto (Hasimの兄)が所有するパルプ会社。
PT.KIani Kertasはスハルトのクローニー(お仲間)であるボブ・ハッサン(現在服役中)が所有していた会社であるが、通貨・経済危機時に破綻をきたし、2億ドルの融資をマンディリ銀行から棒引きしてもらって再建をはたし、現在はプラボオの所有になっている。


Kiani Kertas
Formerly, it belonged to the empire of timber baron
Bob Hasan, one of Suhartos buddies. Using state funds for his Kiani Kertas was one of the crimes for which Bob Hasan was eventually brought behind bars. Other Kiani Kertas headlines concerned the horrendous debts that the factory had amassed and the violence that the local population has been subjected to. That the factory had to halt production when it had barely started operating came as a surprise only to those who did not know that Kalimantan, depleted of its rainforest, could no longer provide the necessary raw material to feed the hungry paper mill. Now Kiani Kertas has made it once more into the headlines, as it is amidst a process of restructuring its ownership relations.

The solution for the problem came in the shape of two well known high-ranking military officers. In December 2003, General Luhut B. Panjaitan, former Minister for Industry under Suharto, and Prabowo Subianto, former Commander of the Special Forces KOPASSUS and former son-in-law of Suharto, took over the management.

2006/11/27 Indonesia Today by Yosef Ardi

Agus Anwar to acquire Kiani Kertas?

Believed to be hiding in Singapore in the last few years, someone told me this afternoon that the fugitive Agus Anwar (accused of embezzling Rp3.2 trillion in state funds) has approached Prabowo Subianto to acquire the debt-ridden pulp producer PT Kiani Kertas. Agus was Hashim Djoyohadikusumo's (Prabowo's brother) partner in the troubled banks (PT Bank Pelita & Istimarat).

I could only say, so far, this is a rumor! But that would not be a surprise if he does. History told us that Indonesians hiding overseas were the masterminds of major assets buybacks from Indonesia Bank Restructuring Agency (IBRA). Anwar also owes Rp300 billion + USD47 million to state-owned investment company PT Bahana Pembinaan Usaha Indonesia (BPUI).
That's why when I told my friend, he's senior business journalist, about the rumor, he said, "So, he use the embezzled money to purchase Kiani Kertas. It makes sense," he sighed.

上記へのコメント December 02, 2006
"Agus Anwar to acquire Kiani Kertas?"

Are forgetting something in here? Whoever wants to acquire Kiani, you will need to get Bank Mandiri on board. With Mandiri and Bahana serve the same master, do we actually believe that Anwar would stand a chance?

Let's not forget Hashim just got $2 billion richer from selling his oil stake in Kazakhstan to CNOOC. I'm sure he can spare a small change to bail out his little bro's pulp company. So why would he need Anwar for this?

From what I can gather, one of the reasons that Kiani has not been restructured is that Mandiri insists on Kiani to pay the default interest and demands that the debt to pay off asap and at par. This I found, from a financial restructuring perspective, is laughable.

AsiaViews, Edition: 08/II/February/2005

For Indonesia, having an extradition treaty with Singapore is not only connected with the matter of terrorism, but is also a part of the effort to eliminate corruption. Neighboring Singapore has long been a haven for Indonesians involved in corruption cases.

Take for example Bambang Sutrisno, the Vice Commissioner of Bank Surya, who was sentenced to life in prison. The judges could only wring their hands, because Bambang fled to Singapore before the sentence could be read. The judge could only read the sentence to an empty chair.

Jakarta was outraged when it was reported that
Agus Anwar, the owner of Bank Istimarat, had obtained Singaporean citizenship. Whereas, in Indonesia, he was entangled in a legal case for embezzling Rp700 billion in funds from PT Bahana Pembinaan Usaha Indonesia (BPUI), a state-owned finance company. A wave of protest issued from Jakarta. "In any case, it feels unethical that someone is involved in robbing state funds, and our neighbors readily provide them with shelter, even citizenship," said Indonesian Minister of Foreign Affairs, Noer Hassan Wirajuda.

Singapore did not openly admit that Agus had received citizenship. However, they recently invited the Indonesian government to file a lawsuit against Agus Anwar in a Singaporean court. In addition to these two, a number of suspected corrupters have elected to lay over in Singapore. If an extradition treaty is not made any time soon, fleeing to Singapore will continue to be a corruptor's favorite last resort.

2007/1/23 Indonesia Today by Yosef Ardi

Hashim bails out Prabowo's Kiani

Hashim Djojohadikoesoemo, younger brother of Prabowo Subianto (controlling shareholder of PT Kiani Kertas), is reportedly bailing out Kiani's USD216 million debt to PT Bank Mandiri Tbk."It's Hashim who helps Kiani to serve its debts at Mandiri," an investment banker close to the group said.Hashim just got USD1.9 billion from divestment of Nations Energy Ltd to CITIC. People close to the deal said Hashim and his partners (Al Njoo, Honggo, and Prabowo) got net proceed of USD1.3 billion.
On Jan 10, Kiani paid USD37 million overdue interest to Mandiri and would settle the remaining USD180 million in a foreseeable future. No information available on Kiani's source of funding.But the move has eased Mandiri's pressure for Kiani divestment as reflected in Mandiri CEO Agus Martowardojo's statement today. "Nothing we can do. As long as they pay the debts," a foreign investment banker commented.
After Kiani, Hashim and friends might go after PT Tuban Petrochemical Industries he established but lost the ownership to IBRA due to massive debts. PT Perusahaan Pengelola Aset (PPA) holds majority shares in the splitter & aromatic center with Pertamina and Japanese trading houses as partners.

Indonesia Today by Yosef Ardi 2007/01/27

"Tirtamas major comeback"

Hashim Djoyo, Al Njoo, and Honggo are partners who established Tirtamas, one of the strongest group during Soeharto years. They lost almost all of their assets to settle huge debts to IBRA. But the group gets out of the financial collapse and comeback in a big way. Giant petrochemical assets at
PPA* (successor of IBRA) such as polypropylene producer Polytama and aromatic center Tuban Petrochemical may well on the top of the list.

* Asset Management Company ("PPA") is tasked with selling state assets formerly managed by the Indonesian Bank Restructuring Agency to help cover the state badget deficit.

2002年にティルタマス・グループは金融再編庁(IBRA)との協議の結果、同社を再編して新会社PT Tuban Petroを設立、その70%をIBRAが保有、残り30%をティルタマスの元のオーナー・
Honggo Wendratnoが個人保証をした上で保有することとなった。
これにより、Tuban Petroは、ティルタマスが株主であったTPPIの59.5%、PP会社のPT Polytama Propindoの80%(残り10%は日商岩井、10%はBP),ブタノール等のPT Petro Oxo Nusantaraの50%(残り50%はエテリンド), ポリエステル繊維のPT Pacific Fibretamaの50%を保有することとなった。

2007/03/12 Indonesia Today

"Polyprima deal"

PT Polyprima is the second largest purified therephthalic acid (PTA) producer in Indonesia with 450,000 t/y capacity behind Mitsubishi Chemical (600,000 t/y). While the company has been integrated with a PET resin plant (90,000 t/y), the company has to rely on raw material supply from other company. Pertamina, Petronas, and Ashmore are competing to control the company. But whoever takes over the company needs to integrate upward with paraxylene facility. Why?

2007/3/28 豊田通商


PT. Styrindo Mono Indonesia(以下「SMI」という)の株式の全部を譲渡することを決議いたしましたので、下記のとおりお知らせいたします。

2.SMI の概要
 @ 商号 :PT. Styrindo Mono Indonesia
 A 代表者 :田村善保
 B 所在地 :Jalan Prapanca Raya No.12 Jakarta Indonesia
 C 設立年月日 :平成2 年6 月23 日
 D 主な事業の内容 :スチレンモノマーの製造・販売
 E 決算期 :3 月
 F 従業員数 :282 人(平成18 年3月)
 G 資本金 :US$313,820,000.-
 H 発行済み株式数 :313,820 株
 I 大株主構成及び所有割合:
豊田通商 100%
 J 最近の業績 : (単位:US$ 1,000)

  平成17 年12 月期 平成18 年3 月期 注1
売上高      344,591      48,452
営業利益      ▲27,410      ▲1,516
当期純利益     ▲127,721      ▲1,274

    注1:2006 年3 月期は決算期変更のため1-3 月の変則決算となっております。
 K 株式の譲渡先
   (ア) 商号 :
PT. Chandra Asri
   (イ) 代表者 :Ms. Loeki S. Putera
   (ウ) 所在地 :Wsima Barito Tower A 7th Floor, jl. Let. Jend.
           S. Parman Kav. 62-63 Jakarta 11410 Indonesia
   (エ) 主な事業 :エチレン、プロピレン、ポリエチレンの製造・販売
 L 譲渡株式数、譲渡価額及び譲渡前後の当社所有株式の状況
   @譲渡前の所有株式数 313,820株 (所有割合 100%)
   A譲渡株式数 313,820株 (譲渡価額 US$95 百万)
   B譲渡後の所有株式数 0 株 (所有割合 0%)
 M 譲渡の日程 平成19 年4月上旬予定
 N 業績への影響
   本件による平成19 年3 月期の当社連結および単体の業績に与える影響はありません。




日本オキシラン SM営業部 秋山 正芳 昨日のマーケット(07/06/20)


2007/4/6 Bangkok Post

Indorama to build plant in N. America
Goal is to become world's third largest

Indorama Polymers Plc (IRP), a manufacturer of polyethylene terephthalate (PET) polymers, will invest US$105 million (3.69 billion baht) to build a new plant in North America with a capacity of 300,000 tonnes per year.

The exact investment cost, taking into account the plant location, could be finalised in the next quarter when the feasibility study is finished, he said.

IRP will be able to manufacture 540,000 tonnes of PET polymers by the end of the year and capacity would increase to 603,000 tonnes per year in 2008.

According to Mr Lohia, the company controls a 4.5% share of the world market at present. It aims to increase its market share to 7% and become the world's third largest PET polymers producer in 2009, when it expands its annual production capacity to 1.22 million tonnes.

Indorama Polymers Public Company Limited (IRP), formerly known as Indo Pet (Thailand), has been manufacturing PET Polymers since 1995. Headquartered in Thailand, it was promoted by the APL Group (the major shareholder). IRP is also the parent company of StarPet in USA, OrionPet in Europe, AsiaPet and Petform in Thailand. Together they form a 524,000 tons per year producer of PET Polymers and has jointly been referred to as Indorama.


May 30, 2007 AP    事前ニュース

Indorama to Build N. America Plastic Plant

Indorama Polymers PCL said Wednesday its board of directors has approved setting up a new plastic plant in North America.
The US$140 million (euro103.6 million) facility will produce
420,000 metric tons of amorphous PET polymers a year, the company said in a filing to the Stock Exchange of Thailand.
PET polymers are used in drinks and food packaging among other applications.
The plan for the facility includes a new solid-state polymerization plant with a capacity of 420,000 tons a year to produce the raw materials for PET polymers production.
The exact location of the plant has yet to be decided, but it will be in the U.S. or Canada, said an Indorama corporate executive who insisted on anonymity, citing company policy.
The Indorama plant will be built next to a plant producing PTA plastics, the raw material for PET production, he said.
An announcement will be made in the third quarter of this year as to the location of the plant and the PTA-supply partner. The Indorama facility will be fully owned by Indorama.
Financing for the plant will be up to US$100 million (euro74 million) in a long-term loan, with the remaining US$40 million (euro29.6 million) coming from the company, according to the release.
Production is scheduled for the first quarter of 2009.

Lohia family structure
The Lohia family business, Indorama Group, was established in India by Mohan Lal Lohia and his uncle, NR Lohia, in 1974.
ML Lohia distributed three businesses in India, Indonesia and Thailand to his three sons; OP Lohia, SP Lohia and
Aloke Lohia (APL) respectively. http://www.knak.jp/blog/2006-5-3.htm#indorama

Although all the family businesses are in similar industries - polyester textiles, wool, PTA, PET polymer etc, they are run independently
without significant cross holdings or questionable intra-group transactions.


原料PTASP Lohia Indorama Petrochem (Map Ta Phut )

Petform (Thailand) Limited
Petform produces PET Preforms and HDPE Closures for PET bottles. Its production capacity is 348 million Preform and 540 million Closure per year. It was incorporated on August 5, 1996. It was a joint venture between IRP, Serm Suk Public Company Limited and DEG. Serm Suk Public Company Limited is the exclusive bottler of PEPSI beverages in Thailand and is the major end user of Preforms and Closures. It uses PET bottles for filling carbonated soft drinks, water and other beverages. This has enabled IRP to work with end users on developing product specifications to meet international quality standards. To facilitate continuous production process and cost efficiency Petform is located in the same area as IRP's factory in Lopburi Province.

Asia Pet (Thailand) Limited
AsiaPet produces Amorphous PET Polymers and is a backward integration for IRP. AsiaPet was incorporated on July 2, 2001 and it started commercial operations in May 2003. AsiaPet has a production capacity of 110,000 tons per annum. It services the raw material requirements of IRP and also services external domestic and exports customers with different grades of Amorphous PET polymers. Asiapet is located in the same area as IRP's factory in Lopburi province. It smoothes out the process of production and adds to cost efficiency.

StarPet Inc. , USA
In order to spread its operations across the globe, Indorama decided to acquire Starpet, an integrated plant that manufactures PET in Asheboro, North Carolina in USA. The plant has a production capacity of 80,000 tons per annum. The integrated plant has both the Continuous Polycondensation (CP) plant and the Solid State Polymerization (SSP) plant.

UAB Orion Global Pet, Lithuania, Europe
In continuation of its globalization strategy, Indorama is building a green field PET polymers integrated plant in Klaipeda, Lithuania, Europe. Klaipeda is a free economic zone for industrial activity and has an all weather seaport. It is also well connected by rail and road to Europe in the West and Russia in the East. The plant at Klaipeda will have both the Continuous Polycondensation (CP) plant and the Solid State Polymerization (SSP) plant with a name plate capacity of 198,000 tons per annum. The construction of the plant has commenced, all financing in place and contracts for plant, equipment and construction have been executed. Construction is in progress and the commercial production is expected to start in October 2006.

Platts 2007/9/14

Chandra Asri's new ethylene capacity to come on-stream by end-Oct

Indonesia's Chandra Asri expects the newly-added ethylene production at its Anyer naphtha cracker to be on-stream by the end of October, a company source said Friday.

The mechanical work needed to expand the cracker
by 70,000 mt/year, to 590,000 mt/year, has already been completed, the source said.

Platts 2007/10/26

Indonesia's Chandra Asri completes naphtha cracker expansion

The plant's ethylene capacity has been boosted by 70,000 mt/year to 590,000 mt/year, and the propylene capacity raised by 10-15% from 260,000 mt/year.

日本経済新聞 2008/1/20

石化プラント インドネシアで受注 東洋エンジ、300億円で


平成20 1 23 日 東洋エンジニアリング

インドネシア 石油精製・石油化学統合プロジェクトを受注

 東洋エンジニアリング株式会社(TEC、取締役社長 山田 豊)は、インドネシア国営石油会社プルタミナ(
PT PERTAMINA)から、インドネシアの大手エンジニアリング会社であるレカヤサ(PT Rekayasa Industri)と共同で、バロンガン製油所向けプロピレン増産プロジェクトを受注いたしました。
RCC)の排ガスを原料とし、年産179,000 トンのプロピレンを増産するプラントを建設するもので、石油精製・石油化学統合プロジェクトです。

客先: インドネシア国営石油会社(プルタミナ)
受注者: TEC、レカヤサ
(PT Rekayasa Industri)コンソーシャム
建設地: インドネシア、ジャワ島、バロンガン
対象設備: プロピレン製造設備 年産
179,000 トン
摘要技術: 米国ルーマス社
OCT(Olefins Conversion Technology)プロセス
役務内容: 設計、機器資材調達、工事、試運転助成までの一括請負い
契約金額: 約3億ドル
受注の意義: * プルタミナからの
2 件目のプラント受注
        * 長年のパートナーであるレカヤサとの共同受注案件
        * インドネシアで初の
OCT プロセス採用


June 24, 2009

Unipol PP process from Dow selected by Pertamina for Balongan PP Project in Indonesia

UNIPOL(TM) Polypropylene Process Technology from Dow Basic Plastics has been selected by PT PERTAMINA for its new 250 KTA polypropylene facility at its Balongan complex in West Java, Indonesia. A license agreement for the facility was signed earlier this month.
When the project is completed in 2011, the facility will produce a mix of polypropylene products including homopolymer, random copolymer and impact copolymers. Products will be marketed primarily in the domestic market.
"Pertamina chose the UNIPOL PP Process because the technology will enable them to build and operate the most competitive and advantaged facility capable of producing a full range of performance polypropylene products to serve the market's ever changing needs," said Karen Shepard Jackson, global commercial director, Dow Polypropylene Licensing and Catalyst business. "Producers like Pertamina appreciate proven technology with a strong track record of reliability, flexibility, safety and advantaged economics. UNIPOL(TM) Polypropylene Technology and the advanced SHAC(TM) Catalyst Systems give licensees the capability to achieve economies of scale and offer a full range of products to customers."
When this plant and others currently in the execution stage enter service, the technology will be used to produce nearly 11 million metric tons of polypropylene per year, which will represent more than 17 percent of total global capacity.
Polypropylene is a versatile plastic used in packaging, durable goods, automotive parts, non-wovens, fibers, and consumer applications.

About Pertamina
PT PERTAMINA is the state-owned oil and gas company (National Oil Company) of Indonesia, established in 1957. Pertamina's scope of business incorporates an upstream sector covering oil, gas and geothermal energy exploration and production both domestically and overseas, and a downstream sector that includes processing, marketing, trading and shipping. Pertamina owns seven oil refineries and is one of the world's largest producers of natural gas. Pertamina's products include a wide range of fuels, LPG, LNG, chemicals, additives and retail products.

Polypropylene with the brand POLYTAM is produced by the PERTAMINA Polypropylene Plant in Plaju.


May 2, 2008 Reuters

Pertamina plans to build polypropylene plant

Indonesian state oil firm Pertamina plans to build a polypropylene plant near its 125,000 barrels-per-day Balongan refinery complex in West Java, a senior company official said on Friday.

"The prospects for the polypropylene market are good. That is why we plan to build a polypropylene unit to meet domestic demand of plastic," Pertamina chief Ari Soemarno told reporters.

"Pertamina will expand its propylene output for feedstock for the planned polypropylene plant."

He gave no details.

Another Pertamina official said the polypropylene plant will cost around $200 million with a production capacity of around 200,000 tonnes a year.

Indonesia currently has a production capacity of around 600,000 tonnes per year of polypropylene.

Indonesia is Asia Pacific's only member of OPEC, but ageing fields and lack of investment has made the country a net crude oil importer in recent years, although it is still a net energy exporter, thanks to a huge supply of natural gas and coal.

There are three producers of PP resin in Indonesia--PT Tri Polyta Indonesia (TPI), PT Polytama Propindo and PT Pertamina (Plaju). TPI is the largest producer.

PT Tri Polyta Indonesia

PT Tri Polyta Indonesia (TPI) came on line in 1992 in Cilegon, Banten. It uses the gas technology of UNIPOL developed by Union Carbide Corporation and Shell Chemical company, TPI started operation operating two production lines with annual production capacity of 200,000 tons.

In 1995, its third production facility came on stream increasing its production capacity to
360,000 tons per year.

Its founding shareholders were PT Bima Kimia Citra (31.22%) from the Bimantara Group, Prayogo Pangestu (8.51%), Commerzbank (SEA) Ltd. (7.08%), Henry Pribadi (6.73%), Ibrahim Risjad (5.31%), Wilson Pribadi (3.89%), Johny Djuhar (2.13%), Henry Halim (0.71%) and investing public (34.42%). In June, 2001 PT Bima Kimia Citra and Henry Pribadi sold their stakes.

In December, 2003, its shareholders included
Prajogo Pangestu (46.46%), Commerszbank (SEA) Ltd. (7.08%), Ibrahim Risjad (5.31%), Wilson Pribadi (3.89%), Johny Djuhar (2.13%), Henry Halim (0.71%) and the public (34.42%).

PT Chandra Asri は同国のPPメーカー Tri Polyta の株式の 75.95% を取得する。
Chandra Asri の大株主のBarito group の総帥 彭雲鵬 (Prajogo Pangestu) が所有する Tri Polyta 株式のうち、5%を除き、Chandra Asri に譲渡する。残りは創業者一族が所有している。
2008/6/7 インドネシア Chandra Asri の状況

TPI produces PP resin in the form of Homopolymer, Random Copolymer and Block Copolymer, using the brand of Trilene. The product is used as feedstock for plastic film, injection moulding, Sheet thermoforming, plastic yarn and fiber multifilament, etc.

PT Polytama Propindo

PT Polytama Propindo is he second largest producer of PP resin in Indonesia with an annual production capacity of 180,000 tons in 1996. In 2005, the production capacity was increased to
200,000 tons.

PT Polytama Propindo is located in Balongan, Indramayu, West Java near the refinery of Pertamina Exor 1, which supplies propylene for PT Polytama Propindo.

PT Polytama Propindo established as a joint venture between
PT Tirtamas Majutama (80%), which owned by young tycoon Hashim S. Djoyohadikusumo and Nissho Iwai Corp. Japan (10%) and BP Chemical Co. from Britain (10%).

PT Pertamina--Plaju

The polypropylene plant of Pertamina in Plaju, South Sumatra, was build in 1971 with an annual production capacity of 20,000 tons. In 1994, it underwent revamping to expand its capacity to
45,000 tons per year.

The basic material for Pertamina Plaju in the form of Raw Propane propylene is supplied from the FCCUS plant, Sungai Gerong, South Sumatra.

Pertamina Plaju produces Polytam/Polypropylene pellet, which is produced through polymerization of propylene with several additives namely antioxidant, stabilizer, lubricant, anti-block and slip agent.


2010/10/4 The indonesiatoday

Pertamina & Chandra Asri Invite Saudi Aramco to Join Banten Refinery Project

State-owned oil and gas firm
Pertamina and petrochemical company PT Chandra Asri have reportedly invited Saudi Aramco to join the proposed refinery project in Banten province.

Edy Setyanto, Processing Director of Pertamina, told Bisnis Indonesia that both companies have offered Saudi Aramco a possible cooperation in the refinery, which will be located at Chandra Asri's site in Merak.

The project has earlier been offered to National Iranian Oil Refining and Distribution (NIORDC).
Chandra Asri, controlled by Prajogo Pangestu, plans to have equity participation between 20% and 25% in the project.

The US$7 bln refinery will have a processing capacity of 300,000 bpd of crude oil, and downstream products including naphtha to feed the petrochemical plant.