Indonesia and China have signed a memorandum of understanding to conduct a feasibility study for a $ 560 million coal-to-methanol plant, according to a recent statement released by Indonesia’s Ministry of Industry.
Held Monday in Jakarta, the Indonesian capital, the signing ceremony took place in the presence of Minister of Industry Agus Gumiwang Kartasasmita and representatives of PT Powerindo Cipta Energy, PT PCE and the China National Chemical Engineering Corporation, CNCEC.
“Cooperation to build a coal-to-methanol processing plant is very important for the industrial sector.
“The Ministry of Industry really appreciates companies with the vision to initiate coal gasification projects and support this pioneering industrial investment plan,” Kartasasmita said Monday.
According to the statement, the plant should be built in the town of Meulaboh located in the westernmost province of Aceh.
“With an investment value of US $ 560 million, the plant will transform 1.1 million tonnes of coal into 600,000 tonnes of methanol per year.
“This project will absorb 600 to 700 workers. Based on this plan, the project will enter the construction phase in mid-2022, ” the minister said.
Xinhua / NAN
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