PT Pertamina (Persoro) of Indonesia has signed a polymer-purchase agreement with a unit of PTT Global Chemical of Thailand in anticipation of the joint development of a petrochemical plant in Indonesia.
The companies in April signed a heads of agreement for formation of a joint venture to build a 1-million tonne/year naphtha cracker (OGJ Online, Dec. 18, 2012).
The new agreement covers the supply of 5,000 tonnes/month of polyethylene and polypropylene until formation of the JV.
