TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

German firm to invest $900m in West Papua

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Mon, April 18 2011   /  08:00 am

German engineering firm Ferrostaal AG announced plans to build a petrochemical plant in West Papua at a cost of US$900 million, a senior company executive says.

“The investment is about $900 million but it can change depending on the project and everything needed, including the gas supply,” Ferrostaal petrochemical division senior executive manager Soenke Gloede said after a breakfast meeting with a forum of industrial gas users in Jakarta hosted by the Industry Ministry on Friday.

Gloede said his firm planned to procure gas for the plant from the Tangguh LNG plant to support the operation of the plant, which would produce methanol and dimethyl ether (DME).

Gloede said he expected his company to complete all planning and preparation in the next one or two years and start construction in 2013. The plant, set to commence operations in 2016, would produce around 1 m...