Indonesia is fast building its petrochemical industry with the government in planning to bring Indonesia petrochemical output dramatically by 2016 making it a net exporter country in terms of petrochemical products. Through its state oil and gas company, Pertamina, Indonesia is gazetting two major petrochemical hub in Muara Enim and Bintuni Bay for production of methanol, ammonia, polypropylene and polyethylene.
The government is looking at putting up world scale refinery and petrochemical cracker with a foreign partner. South Korean Honam Petrochemical and PTT Chemicals are some of the potential partners with Pertamina. Indonesia government is also announcing considerable tax breaks to attract foreign direct investment for its growth in the petrochemical industry.
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