The Jakarta Post
Publicly-listed PT Titan Kimia Nusantara Tbk, the largest polyethylene manufacturer in Indonesia, plans to build a naphtha cracker complex near the company’s industrial plant in Merak, Banten as part of the company’s expansion in the petrochemical industry.
Non-affiliated director, Johanes Bambang Budihardja, said in Jakarta on Wednesday that Titan Kimia would invest between US$3 billion and $5 billion to build the naphtha cracker complex that would produce ethylene with a capacity of 700 kilo tons per annum (KTA). In addition, the new plant would also produce prophylene with a capacity of 500 KTA.
The company planned to start the construction of the naphtha cracker complex in 2013 but it was later delayed to 2017 due to a land acquisition problem, Johannes said, adding that operations would be delayed until early 2018 from early 2016 as originally scheduled.