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Chinese chemical giant GESC to build $600m chemical plant in Gresik
The first phase of the project will produce 120,000 tonnes of melamine, 150,000 tonnes of nitric acid and 200,000 tonnes of ammonium nitrate per year
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The Java Integrated Industrial and Ports Estate (JIIPE) in the Gresik special economic zone (SEZ) is ready to meet the needs of the industry. (Courtesy of JIIPE)
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hinese chemical company Sichuan Golden-Elephant Sincerity Chemical Co., Ltd. (GESC) will invest US$600 million to build a chemical manufacturing plant at the Java Integrated Industrial and Ports Estate (JIIPE), a special economic zone (SEZ) located in Gresik, East Java.
The plant, which will sit on more than 20 hectares of land, will supply both the domestic and export markets.
Construction will be done in two phases, beginning with a 1.24-billion-yuan (US$170.1 million) facility that will produce 120,000 tonnes of melamine, 150,000 tonnes of nitric acid and 200,000 tonnes of ammonium nitrate per year.
The second phase will focus on utilizing Indonesia’s natural gas resources to develop a large- scale synthetic ammonia and urea plant, creating an integrated value chain from raw materials to downstream chemical products.
“We are grateful to find the right location at JIIPE after a long journey, including almost building [a plant] in Russia two years ago,” GESC chairman Lei Lin said on Sunday in a statement, as quoted by Kumparan.
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“This site has a great cultural and strategic location, making it an ideal place for our first overseas expansion.”
