The Jakarta Post
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...