PT kaltim methanol indonesia is predicted to explore investment of methanol plant worth $900 million to build plant with capacity 1 billion tons in bintuni bay, west papua. PT kaltim methanol indonesia is expected to build production faci
lity methanol to olefin derivatives such as polyethhylene adn propylene.
Minister of industry encourages the company to join with pt pupuk indonesia and ferrostaal to build urea and methanol becoming olefin. Airlangga hartanto, the industry ministry claims to still wait for the fix of gas industry before concerning with petrochemical. Industry ministry will push the petrochemical in eastern indonesia like bintuni bay. So far the capacity of methanol is capable to produce 500,000 tons meanwhile the consumption is more than 1.5 million due to high demand by industry of furniture and automotive components.
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