Jakarta (ANTARA News) - Indonesia's state owned oil-and-gas company PT Pertamina said Tuesday it has chosen the consortium of PT Rekayasa Industri (Rekin) and Toyo Engineering Corp to build a propylene processing unit worth 283 million US dollars.
The project is expected to commence operation in October 2010 and will have an annual capacity of 179,000 metric tons, Pertamina president Ari Sumarno was quoted by Thomson Financial as saying.
Propylene can be processed further into polypropelene, which is used as a raw material to produce plastics.
Pertamina currently produces polypropelene at an annual capacity of 42,500 metric tons.
"The production expansion is to meet increasing demand," Soermano said.
The engineering, procurement, construction and commissioning (EPCC) contract between Pertamina and the consortium was signed today, he said.
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