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Jakarta Post

Adhi Karya looks to waste management for growth

  • Winny Tang

    The Jakarta Post

Jakarta   /   Tue, April 17 2018   /  12:56 am

Construction firm Adhi Karya is keen to diversify its operations into waste management, particularly waste produced from oil and gas blocks, with the state-owned company seeing the market as a promising source of future growth.The company is also looking into clean water facility development as part of its business diversification efforts.The opportunities in waste management are enormous given the fact that several oil and gas concessions have recently ended, or will end soon. These oil and gas companies have post-mining obligations to ensure their areas of operation recover from environmental damage.“As you know, Chevron’s concession area will end in 2018, Mahakam Block ended in 2017. Others, including [the concession areas of] PetroChina, Conoco Phillips and British Petroleum will expire between 2022 and 2023,” said Budi Saddewa Soediro, Adhi Karya’s operational director I rec...