Celanese, Pertamina to develop synthetic fuel ethanol in Indonesia

10:21 AM, 20th July 2012
Celanese, Pertamina to develop synthetic fuel ethanol in Indonesia

JAKARTA, INDONESIA/DALLAS, US: Celanese Corporation has entered into a joint statement of cooperation to advance the development of fuel ethanol projects with Pertamina, the state-owned energy company of Indonesia. In line with its long-term strategy to develop new and renewable energy capabilities, Pertamina will collaborate exclusively with Celanese to jointly develop synthetic fuel ethanol projects in the Republic of Indonesia utilizing Celanese’s proprietary TCX ethanol process technology.

Celanese and Pertamina will work together to define potential supply arrangements, production locations and distribution strategies. Following this work, along with final investment decisions made by each company’s management, and receiving all necessary approvals, production could begin in approximately 30 months.

“A major priority for Pertamina is supporting the Government of Indonesia in securing and managing our energy resources to meet rising demand among both businesses and consumers so we can continue to drive our economic growth to benefit all sections of the society. To meet this goal, we are pleased to be actively working with companies like Celanese on the development and application of new forms of energy, such as synthetic fuel ethanol,” said Karen Agustiawan, President, Director and CEO, PT Pertamina (Persero).

© WOC News



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