Pertamina signs PE, PP purchase deal with PTT Global Chemical

05-Jun-13

Indonesian state-owned energy company Pertamina announced that it has signed an agreement to purchase at least 5,000 tons of polyethylene and polypropylene products from Thailand’s PTT Global Chemical, as per thejakartaglobe.com. The agreement serves as a pre-marketing strategy for Pertamina and PTT’s joint Indonesian petrochemical business. Pertamina and PTT already have a joint venture agreement to build a petrochemical facility with an annual production capacity of 1 million tons. The output from the facility will comprise of ethylene and polypropylene. Delivery of petrochemical products will commence when Pertamina and PTT officially establish the joint venture, which is scheduled for this year.