Singapore based Kuvera Energy Corporation Ltd. (KECL) and Hong Kong based Consoe Petrochemical Co. Ltd. have planned a petrochem JV at an investment outlay of US$1.65 billion in Cilegon, Indonesia. The new venture will be named PT Indo Olefin Petrochemical, and will produce ethylene, propylene, butadiene and pyrollysis gasoline
The central government via the Regional Investment Coordinating Board (BKPM) has given permission in early February to PT Indo Olefin Petrochemical regarding this investment, with a three-year dead line.
11-Apr-05 
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