US$22.6 bln of new investment required for growth of Indonesia’s petrochem industry

Current growth of Indonesia’s petrochemical industry is pegged at 6-7% pa. In a bid to augment this growth to levels of 10% pa, additional investments are needed. In the next 5 years, the country’s petrochemical industry needs an additional investment of U$22.6 bln in the upstream sector. Development of the upstream sector is needed to provide feedstock in olefin and aromatic products; to support the downstream sector as per PT Tuban Petrochemical Industries.
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