Asia's No. 2 petrochem producer- Honam Petrochemical Corp. is mulling a petrochemical complex in Cilegon, Indonesia, at an investment outlay of US$5 bln. Capacities would comprise 1 mln tpa of ethylene, 700,000 tpa of monoethylene glycol, 600,000 tpa of polypropylene and 550,000 tpa of propylene at the new integrated plant. Construction for the plant is expected to begin in Q1-2013, which is likely to be completed by 2016.
Honam plans to supply around 80% of its production to the local market.