Indonesia petchem firm TPPI declares force majeure

26-Feb-08
Indonesia's Trans Pacific Petrochemical Indotama (TPPI) has declared force majeure on its products due to a problem with port facilities, rendering them unsafe for navigation. Duration of the force majeure, declared on Monday evening, is undisclosed. Trading sources said deliveries of feedstocks condensate and naphtha, as well as loadings of petrochemical and oil products for sale had been stopped. TPPI's US$2.3 bn project was the first to get a government approval, and was approved in mid-1995, but its construction was stopped in late 1998. This was to be the country's first integrated olefins/aromatics JV. The complex is on a 2,420 acre site in Tuban, north of East Java.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha