Choppy Gas Prices For Wait and See Investors, Petrochemical Industries Are Increasingly Immature

By : Ridwan And Aldi Firhand. A | Wednesday, February 21 2018 - 20:47 IWST

Achmad Widjaja, Wakil Ketua Komite Tetap Kamar Dagang dan Industri (KADIN) Indonesia Bidang Industri Hulu dan Petrokimia
Achmad Widjaja, Wakil Ketua Komite Tetap Kamar Dagang dan Industri (KADIN) Indonesia Bidang Industri Hulu dan Petrokimia

INDUSTRY.co.id - Jakarta, Petrochemical sector investment until now there is still no careful planning. The reason, investors are still waiting for government assertiveness related to the decline in gas prices for industry.

This was revealed by Vice Chairman of Standing Committee of Indonesian Chamber of Commerce and Industry of Upstream and Petrochemical Industries, Achmad Widjaja when met INDUSTRY.co.id in the event of Chemical Industry Outlook at Sari Pan Pacific Hotel, Jakarta, Wednesday (21/2/2018).

He said that Indonesia currently has the largest petrochemical industry compared to other Southeast Asian countries.

"Currently we only have Chandra Asri and TPPI that is big enough," he said.

However, he added, it is unfortunate that the petrochemical industry in Indonesia is not accompanied by adequate natural gas prices. Because until now the government is still able to reduce the price of gas for some industrial sectors.

"If the number of figures would already exist, why the government is still waiting for the political decision is still from the president so that his ministers do not work," said the man who is familiarly called AW.

According to AW, petrochemical industry is the future of national industry so that in the future we will no longer import raw materials. "Currently almost 80% of the raw material of petrochemical industry in Indonesia is imported, this is what should be affirmed," he said.

AW hopes that potential red plate companies such as Pertamina should be more active in developing petrochemical industries in Indonesia.

"By doing so, our future will no longer depend on row material importation," he said.

News Comment

Today's Industry

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

SUNeVision Initiates MEGA IDC Phase Two Development

Jumat, 28 Maret 2025 - 22:21 WIB

SUNeVision Initiates MEGA IDC Phase Two Development

SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

 PT Metrodata Electronics Tbk (“MTDL”)

Jumat, 28 Maret 2025 - 22:07 WIB

TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary

PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Wireless Logic

Jumat, 28 Maret 2025 - 22:00 WIB

Wireless Logic Selected By Thales As IoT Connectivity Partner

Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Microvista Expands International Presence with Mobile CT System ScanExpress

Jumat, 28 Maret 2025 - 21:53 WIB

Microvista Expands International Presence with Mobile CT System ScanExpress

The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…