(Plastemart) -- Chandra Asri
Petrochemical (CAP), Indonesia's largest petrochemical firm in which Siam Cement
Group (SCG) holds a 30% stake, is expected to finalise in H2-2012, an investment
plan for both de-bottlenecking and a downstream petrochemical project that would
require an estimated USD800 mln investment.
CAP's board of directors is considering whether or not the company should
invest both in de-bottle-necking and downstream petrochemical production at the
same time. The global petrochemical industry outlook will be taken into account
before the decision is made. CAP has a naphtha cracker with a capacity of
550,000 tpa. It has two polyethylene (PE) plants, three polypropylene (PP)
plants, and two styrene monomer (SM) plants. The annual production capacities of
PE, PP and SM are 340,000 tons, 480,000 tons, and 320,000 tons, respectively.
Investment of USD800 mln in CAP would be lower than the investment required for
a new petrochemical plant, which could be as high as USD1.4 bln.