MOSCOW (MRC) -- Jakarta-listed PT Chandra Asri Petrochemical, the country’s largest petrochemical producer, and Michelin have inaugurated Synthetic Rubber Indonesia (SRI) as a new joint venture to produce synthetic rubber, as per Apic-online.
SRI, owned 45% by Chandra Asri's Petrokimia Butadiene Indonesia (PBI) subsidiary and 55% by Michelin, will build a plant to produce polybutadiene rubber with a neodymium catalyst and solution styrene butadiene rubber.
The plant, for which capacities and specific location were not given, is targeted to come on stream at the beginning of 2017. Total investment in establishing SRI and building the plant is expected to be USD435-million.
Feedstock for the synthetic rubber production will be supplied from a new 100,000-t/y butadiene plant being built by PBI in Cilegon, West Java.
At the same time, Chandra Asri is expanding its naphtha cracker to meet the mixed C4 feedstock requirements for PBI’s butadiene project.
As MRC wrote previously, this summer, German petrochemical company Ferrostaal Industrial Projects and Chandra Asri Petrochemical agreed to work on studies for the development of a petrochemical plant. Under an agreement, Ferrostaal and Chandra Asri will develop a methanol-based olefin production complex in Teluk Bintuni in West Papua, with a total investment amounting to USD1.89 billion. The complex is expected to produce up to 400,000 tonnes of polypropylene and 175,000 tonnes of ethylene annually.
MRC