Indonesia is set to start work on 22 petrochemicals projects that will conclude in 2025 - mainly driven by strong demand for plastics and fertilisers.
Out of the 22 projects expected to commence operations in Indonesia, four will be methanol projects, followed by three polypropylene projects.
Among the upcoming methanol projects in Indonesia, the Air Products Bengalon Methanol Plant project leads with a production capacity of 2 MMtpy. The project is expected to start operations in 2025.
Bhargavi Gandham, oil and gas analyst at GlobalData, said: “Indonesia, one of the largest economies in Southeast Asia, is witnessing strong demand for petrochemicals, especially for plastics and fertilisers. Indonesian government plans to minimise dependence on petrochemicals imports by promoting the domestic petrochemical sector to meet the soaring demand.”
Among the upcoming polypropylene projects include the PT Trans Pacific Petrochemical Indotama Tuban Polypropylene Plant project and Lotte Chemical Corporation Cilegon Polypropylene Plant project which have a production capacity of 600,000 tpy each.
The PT Trans Pacific Petrochemical Indotama Tuban Polypropylene Plant is expected to start operations in 2024 while Lotte Chemical Corporation Cilegon Polypropylene Plant will commence operations in 2025.
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