Indonesia is moving ahead with plans for a nearly $6 billion refinery and petrochemical complex in North Kalimantan. The project, backed by Chinese consortium PT Taikun Petro Chemical, is designed to process up to 10 million tonnes of crude oil annually and produce more than 7.2 million tonnes of products, including methanol and acetic acid. Indonesia hopes the investment will reduce imports, strengthen its downstream industry and add around $9 billion annually to GDP.
Source:
Dialogue Earth — Carbon Crossroads: Petrochemicals boom tests Indonesia’s climate goals