CONTRACT LET FOR INDONESIA OLEFIN PLANT

Oct. 1, 1990

Privately owned Chandra Asri has let contract for construction of Indonesia's first olefin plant at Serang, West Java. The company, part of the Barito Pacific Timber Group, let contract for the $2.4 billion project to Toyo Engineering Corp. of Japan and ABB Lummus Crest of the U. S. The plant is one of three the Jakarta government has approved for construction. The other two are scheduled at Cilacap, Central Java, and Bintan Island, Riau Province.

Privately owned Chandra Asri has let contract for construction of Indonesia's first olefin plant at Serang, West Java.

The company, part of the Barito Pacific Timber Group, let contract for the $2.4 billion project to Toyo Engineering Corp. of Japan and ABB Lummus Crest of the U. S.

The plant is one of three the Jakarta government has approved for construction. The other two are scheduled at Cilacap, Central Java, and Bintan Island, Riau Province.

The Serang plant, to be completed in 1993, is to have these yearly capacities: 550,000 tons of ethylene, 25,000 tons of butane, 300,000 tons of propylene, 73,000 tons of methyl tertiary butyl ether, 91,000 tons of butadiene, 450,000 tons of polyethylene, 367,000 tons of prolysis gasoline, and 100,000 tons of polypropylene. Main feedstock will be naptha and LPG to be supplied by state owned Pertamina.

Indonesia spent about $800 million for imported olefins last year, a figure likely to rise to $1 billion this year, Opecna News Service reported.

Serang's production will meet almost all of Indonesia's needs for olefins.