RELEASED ON 22/01/13 (DD/MM/YY)

Pertamina is expected to select in early March a joint venture partner for its proposed project to build a petrochemical complex in Indonesia, a company source said on Tuesday.

"We are in talks with SK Global Chemical [South Korea], Mitsubishi Corp [Japan] and PTT Global Chemical [Thailand],” the source from the Indonesian state-owned energy firm said.

Pertamina would select one of these companies to be its joint venture partner, he said.

Once a joint venture partner is selected, a feasibility study will be commissioned to determine the location of the proposed facilities, and if the project should include a refinery or just petrochemical plants, the Pertamina source said.

SOURCE ICIS News - For internal use only

RELATED STORIES
PTT & Pertamina plan $5-billion refinery petchem jv – Pertamina to partner Chandra Asri in separate PP JV