19 July 2012 15:59 [Source: ICIS news]
HOUSTON (ICIS)--US Celanese has reached an agreement with Indonesia’s state-owned energy company, Pertamina, to develop ethanol projects in the country, the acetyls producer said on Thursday.
The partnership could result in four world-scale plants. Celanese said the plants would help reduce Pertamina’s gasoline imports by more than 30m bbl/year. No financial details were revealed.
“Celanese and Pertamina will work together to define potential supply arrangements, production locations and distribution strategies,” Celanese said.
“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.”
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