Indonesia’s Pertamina to build two new petrochemical complexes
Indonesia’s Pertamina to build two new petrochemical complexes
Indonesia’s oil and gas company PT Pertamina (Persero) has entered a partnership with Rosneft Oil Company to build a fully integrated refinery and petrochemical complex in Tuban, Jawa Timur, Indonesia, which is expected to come online by 2025, according to an official statement on the company’s website.
The project name PT Pertamina Rosneft Pengolahan dan Petrokimia (PT PRP&P) costs roughly $15.7 billion, which consists of a refinery that can process 300,000 barrels per day.
The downstream petrochemical complex houses the following production lines:
|
Production Line |
Capacity (tons/year) |
|
Naphtha cracker |
1.035 million |
|
PX |
1.3 million |
|
Styrene |
150,000 |
|
MEG |
250,000 |
|
PP1 |
580,000 |
|
PP2 |
580,000 |
|
PE |
650,000 |
In late 2020, the company signed a licensing contract with W. R. Grace & Co to use its UNIPOL® PP Process Technology for the new PP plant.
PT Pertamina Rosneft Pengolahan dan Petrokimia (PT PRP&P) is 55% own by PT Pertamina and 45% own by Rosneft Oil Company.
The second project involved a joint venture between PT Pertamina and Taiwan’s CPC to boost Pertamina’s current refining capacity at the Balongan complex to 150,000 barrels per day from the current 125,000 barrels per day. The $8 billion project would also develop a naphtha cracker producing 1 million tons of ethylene per annum.
The two companies have signed a Head of Agreement (HoA) taking off 45% of the stake each, while the remainder is reserved for the potential participants. The project is expected to come online in 2027.