Jakarta (IOGNews) -Three foreign companies participates in biodiesel technology tender for the factory going to be built by PT Bakrie Sumatera Plantations Tbk (BSP) and PT Rekayasa Indonesia with total investment of USD25 million and with a total capacity of 100,000 tons per year.
The three companies participate in tender are Lurgi (Italy), Balestra (Italy), and Man-Ferristal (Germany). The result on the tender will be announced by end of this year and the physical building of the factory, which is located in Batam, is started on March 2007.
The biodiesel factory will start its operation on second quarter of 2008. This is possible because PT Rekin (Rekayasa Industri) is handling the EPC (Engineering, Procurement and Construction) process.
Vice President National Project BSP, Hepi Sapirman, stated that BSP and Rakin split the shares 70 percent : 30 percent, while the total investment required for the factory is USD25 million, USD5 million of the fund will be used as working capital.
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