(polyestertime) -- South Korea's Honam Petrochemical is
considering investing USD5 billion to build a steam cracker-based petrochemical
complex in Indonesia to expand its Southeast Asian business.
But the
company has not made a final investment decision on the complex and is hoping
the Indonesian government will provide tax breaks and other benefits such as
land for the project.
"If we are given tax benefits and land, we can
start construction early next year," said the official, adding that the company
was aiming to bring the complex online by 2016.
On the cards is a steam cracker with a capacity to produce 1 million mt/year
of ethylene and 550,000 mt/year of propylene, said the official who declined to
be named. The complex will also comprise a 600,000 mt/year polyethylene unit, a
700,000 mt/year monoethylene glycol unit, a 600,000 mt/year polypropylene unit
and a 140,000 mt/year butadiene unit, he said. |