Indonesia, China begin feasibility study on 560 mln USD coal-to-methanol plant
Indonesia and China have signed a memorandum of understanding (MoU) to conduct a feasibility study of a 560-million-US dollar coal-to-methanol plant, according to a press release from Indonesia's Industry Ministry.
Indonesia's Industry Minister Agus Gumiwang Kartasasmita attends signing between PT Powerindo Cipta Energy (PCE) and China National Chemical Engineering Corporation (CNCEC) to begin a feasibility study on 560 million USD worth of coal-to-methanol plant project. (Photo courtesy of Indonesia's Industry Ministry)
Jakarta (VNA) - Indonesia and China have signed a memorandum of understanding (MoU) to conduct a feasibility study of a 560-million-US dollar coal-to-methanol plant, according to a press release from Indonesia's Industry Ministry.
Under the MoU, Powerindo Cipta Energy (PCE) of Indonesia and China National Chemical Industry Corporation (CNCEC) will establish a joint venture to implement the project. The plant, which is expected to be built near a coal mine in Aceh province’s Meulaboh district, will turn 1.1 million tonnes of coal into 600,000 tonnes of methanol per year, about half of Indonesia's domestic consumption.
Industry Minister Agus Gumiwang Kartasasmita said construction for the project is scheduled to begin in mid-2022 and employ 600-700 workers.
Muhammad Khayam, Director General of the Chemical, Pharmaceutical and Textile Industry of the Ministry of Industry, said the project will significantly increase the supply of methanol, while sharply reducing the import demand.
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Indonesia's Industry Minister Agus Gumiwang Kartasasmita attends signing between PT Powerindo Cipta Energy (PCE) and China National Chemical Engineering Corporation (CNCEC) to begin a feasibility study on 560 million USD worth of coal-to-methanol plant project. (Photo courtesy of Indonesia's Industry Ministry) 
