Taiwanese Investor May Build $2.8 Billion Petchem Center In Indonesia

Posted on April 28th, 2010 at 1:00 am by Ian


JAKARTA -(Dow Jones)- A Taiwanese investor is looking to outlay $2.8 billion to build a petrochemical center in Indonesia, Coordinating Minister for the Economy Hatta Rajasa said Thursday.

Without naming the investor, Rajasa said that the company is currently looking for a 200-hectare piece of land to build the project.

The investor will likely cooperate with local partners, such as state-owned oil and gas company PT Pertamina, on the project, he said.

Source: FoxBusiness.com
Credit: Joko Hariyanto, contributing to Dow Jones Newswires; 62-21 39831277; [email protected]; Dow Jones Newswires

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