Media

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


Syngenta to expand integrated sugar cane solutions platform

BASEL, SWITZERLAND: Syngenta plans to broaden and scale up its PLENE platform of integrated sugar cane solutions. Through an exclusive licensing agree ...

Read more
GAIL, Sumitomo collaborate for natural gas, LNG

NEW DELHI, INDIA/TOKYO, JAPAN: Gas Authority of India Limited (GAIL) Limited announced the signing of a Memorandum of Understanding (MOU) with Sumitom ...

Read more
BASF invests €90 million in innovation campus expansion in China

LUDWIGSHAFEN, GERMANY/SHANGHAI, CHINA: BASF, the world’s leading chemical company, broke ground on the second phase of its Innovation Campus Asi ...

Read more
‘Breakthrough’ research fraudulent, an unpleasant science

SINGAPORE: Scientists usually argue over the evidence for or against any important breakthrough. Sometimes announcements made in good faith do not sta ...

Read more
New ultra-sensitive, low-cost system for detecting mercury in water

ADELAIDE, AUSTRALIA: Researchers at University of Adelaide have developed a new ultra-sensitive, low-cost and portable system for detecting mercury in ...

Read more
Rosemary, oregano shows anti-diabetic properties, finds study

WASHINGTON DC, US: The popular culinary herbs oregano and rosemary are packed with healthful compounds, and now lab tests show they could work in much ...

Read more
Copyright © 2014. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.