Indonesia to import 30% of ethylene requirement in the year

25-Mar-08
Indonesia has only one ethylene producer in the country - PT Chandra Asri Petrochemical Center with an annual capacity of 590,000 tons. Polyethylene industry in the country, however, has additional requirement of ethylene, for which it depends on imports. Almost 30% of its ethylene requirement of 900,000 tpa is procured through imports. With the rising prices of crude and feedstocks, ethylene prices have also risen. At current prices, Indonesia will need to spend US$435 mln on the import of 300,000 tons of ethylene to feed the country's petrochemical industry this year.
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