Celanese, Pertamina develop fuel ethanol projects in Indonesia

Celanese, Pertamina to develop fuel ethanol projects in Indonesia

11:20 AM, 5th March 2013
Celanese, Pertamina to develop fuel ethanol projects in Indonesia

JAKARTA, INDONESIA/DALLAS, US: Celanese Corporation signed a Memorandum of Understanding (MOU) with Pertamina, the state-owned energy company of the Republic of Indonesia, and will begin the detailed project planning phase for the development of fuel ethanol projects in Indonesia. The new project will utilize Celanese’s proprietary TCX ethanol process technology.

Celanese and Pertamina have successfully completed the objectives of the previously announced Joint Statement of Cooperation, which included identifying potential production locations, confirming coal supply options and developing an ethanol distribution strategy. The detailed financial terms of the joint venture partnership and licensing arrangement have not been finalized.

Under the detailed project planning phase of the MOU, Celanese and Pertamina will select the first production location, initiate project permitting, and negotiate coal supply and other industrial partner agreements. Celanese and Pertamina expect to complete this phase of the MOU by the end of 2013. Celanese and Pertamina expect the production of fuel grade ethanol to begin approximately 30 months after final investment decisions by each company and receiving all necessary government approvals.

“Celanese is pleased to support the Indonesian government’s long-term objectives for the use of its abundant local resources, specifically lower BTU-content coal, to drive economic development. Working with Pertamina, we are excited to demonstrate how our TCX Technology will help Indonesia achieve its objectives,” said Mark Rohr, Chairman and CEO, Celanese Corporation.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


BASF, Kaiima collaborate to discover novel herbicide resistance traits

LIMBURGERHOF, GERMANY/ MOSHAV SHARONA, ISRAEL: BASF SE and Kaiima Bio-Agritech, a genetics and breeding technology company, have collaborated for the ...

Read more
Guardian Glass adds new laminated glass production line at Oroshaza plant

BERTRANGE, LUXEMBOURG: Guardian Glass has added a new laminated glass production line at its Oroshaza, Hungary plant. The new line will produce both s ...

Read more
Polyurethane primer outperforms traditional epoxy primers

Spectracron AdvantEdge HPP primer from PPG is a polyurethane primer that breaks new ground in the product category, capable of delivering greater corr ...

Read more
Indian petrochemical industry – The growth continues

The growth story of the Indian economy is incomplete without mentioning the role that petrochemical industry plays in this journey.  With new joi ...

Read more
DSM unveils new anti-soiling coating for PV solar glass

SHANGHAI, CHINA: Royal DSM has unveiled its new anti-soiling (AS) coating for photovoltaic (PV) solar glass. The new coating provides a unique combina ...

Read more
Air Liquide signs contracts with Chinese fibre optics manufacturers

PARIS, FRANCE: Air Liquide SA has signed new supply contracts covering a period of 10 to 15 years with three major Chinese fibre optics manufactu ...

Read more
Copyright © 2017. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.