Sasol starts talks with Indonesian on coal liquefaction project

Antara News, Friday, January 29, 2010 18:33 WIB

Jakarta (ANTARA News/Asia Pulse) - South Africa's Sasol Limited, the world's largest producer of synthetic fuel, has begun talks on developing a US$10 billion coal-liquefaction plant with two Indonesian state companies.

Negotiations were in progress with oil and gas company PT Pertamina and coal miner PT Tambang Batubara Bukit Asam (JSX:PTBA), Gita Wirjawan, the chairman of the Investment Coordinating Board (BKPM) said.

State fertilizer companies like PT Pupuk Sriwijaya might also be involved in the project, Wirjawan said. Last month, Sasol and the Indonesian government signed an initial agreement to study the feasibility of the project, the newspaper Jakarta Global reported.

Source:
Business in Asia Today - Jan 29, 2010
published by Asia Pulse