Pertamina and CPC Taiwan agreed to follow up the cooperation in the development of the Integrated Petrochemical Industrial Complex in Balongan, West Java Province, with an investment of US $ 8 billion.
CPC COrporation,Taiwan
This was marked by the signing of the head of agreement (HOA) by Pertamina Urama Director Nicke Widyawati and the President & CEO of CPC Corporation Taiwan who were symbolically represented by Mr. Ming-Huei Chen, CPC Corporation's Vice President, last week.
Nicke Widyawati
Previously, discussions on this project had been initiated by Pertamina and CPC Taiwan since the end of 2018. And was followed by the signing of a framework agreement and joint Feasibility Study since mid-2019.
Mr. Ming-Huei Chen
"This collaboration was formed because of a long and deep negotiation process. Therefore, we appreciate the efforts of Pertamina and CPC. Project this is the government's priority. We will fully support. We gave the tax holiday confirmation yesterday, "said BKPM Head Bahlil Lahadalia.
Nicke Widyawati
Pertamina President Director Nicke Widyawati asserted that as a national oil and gas company, Pertamina is committed to realizing a strong petrochemical industry in Indonesia. Therefore, it can meet domestic needs and help reduce imports of petrochemical products.
"This project is an important history to strengthen the petrochemical business portfolio so that within the next 10 years, Pertamina can become a major player in the petrochemical business in the Asia Pacific region, "Nicke said.
It is hoped that CPC's experience and expertise in the petrochemical field can help Pertamina to accelerate the development of an integrated petrochemical business with RDMP and GRR megaprojects.
"Going forward, Pertamina together with the government and Taiwan's CPC will continue to strengthen cooperation to complete the project targeted to operate in 2026," concluded Nicke.
Media Indonesia, Page-10, Monday, June 8, 2020.
No comments:
Post a Comment