A COMBINE made up of Royal Dutch/Shell Group, Mitsubishi Corp., C. Itoh & Co., and International Finance Corp. will form Petrochemical Industries of Indonesia to operate a proposed $1.95 billion petrochemical complex in Indonesia that is to produce 375,000 metric tons/year of ethylene and 220,000 tons/year of propylene, Tokyo's Nihon Keizai Shimbun newspaper reported. Construction is to begin later this year, and completion is scheduled for 1996.

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