Ministry of Industry Continues to Push Petrochemicals Industrial Growth

By : Ridwan And Aldi Firhand. A | Saturday, March 17 2018 - 14:47 IWST

Director General of Chemical, Textile and Multifarious Industries (IKTA) of Ministry of Industry, Achmad Sigit Dwiwahjono
Director General of Chemical, Textile and Multifarious Industries (IKTA) of Ministry of Industry, Achmad Sigit Dwiwahjono

INDUSTRY.co.id - Jakarta, Director General of Chemical, Textile and Multifarious Industries (IKTA) of the Ministry of Industry, Achmad Sigit Dwiwahjono, emphasized that the Ministry of Industry continues to accelerate the growth of the petrochemical industry in Indonesia because it plays an important role in meeting production needs in other manufacturing sectors.

With its capital-intensive, technology-intensive, and energy-conscious nature, the development of the petrochemical industry needs to get special attention from the government.

"The petrochemical industry as one of the upstream sectors that provides raw materials for almost all downstream sectors such as plastic, textile, paint, cosmetics and pharmaceutical industries so that sustainability in petrochemical industry development is very important for economic activity," Sigit said in Jakarta (16 / 3/2018).

Sigit said, Chandra Asri as the national industry, will pour its fund of USD6 billion until 2021 in order to increase production capacity.

In 2017, Chandra Asri invested USD150 million to increase its butadiene capacity by 50 thousand tons per year and polyethylene 400 thousand tons per year.

In addition, South Korean petrochemical industry, Lotte Chemical Titan will realize its investment of USD3-4 billion to produce naphta cracker with total capacity of 2 million tons per year.

"The chemical raw material is needed to produce ethylene, propylene and other derivative products," he said.

With the additional investment of Lotte Chemical and Chandra Asri, Indonesia will be able to produce naphtha cracker based chemical raw materials of 3 million tons per year.

"In fact, Indonesia can position as the 4th largest producer in ASEAN after Thailand, Singapore and Malaysia," explained Sigit.

News Comment

Today's Industry

Vaccine Covax-19

Kamis, 03 September 2020 - 16:05 WIB

$1m for Covax-19 vaccine work

The $1 million grant is one of 13 early stage biomedical projects to receive funding through the Federal Government’s Biomedical Translation Bridge (BTB) program, part of Australia’s landmark…

Jonathan Knudsen - Senior Security Strategist, Synopsys Software Integrity Group

Rabu, 02 September 2020 - 15:50 WIB

How to Cyber Security: Pain in the AST

Language is tricky, especially in areas where it is evolving quickly. Software security is a young and volatile field where new terminology ebbs and flows continually.

Ilustration Palm Oil (RSPO)

Jumat, 21 Agustus 2020 - 20:05 WIB

Shared Responsibility Boosts Sustainable Palm Oil Absorption In Indonesia

The Roundtable on Sustainable Palm Oil (RSPO) has been upholding the shared responsibility concept after its adoption in the 15th General Assembly in 2018.

HackerOne (Images by Tekno Tempo.co)

Rabu, 19 Agustus 2020 - 16:50 WIB

COVID-19 puts CISOs under strain: 21% of Businesses In Singapore Have Seen More Attacks During The Pandemic

HackerOne, the world’s trusted hacker-powered security platform, today revealed research that 21% of businesses in Singapore have seen an increase in attacks on their IT systems as a result…

HIMA's HIQuad X safety systems (Photo by HIMA)

Rabu, 12 Agustus 2020 - 14:45 WIB

Australia's Nickel West Modernized with HIMA’s HIQuad X Safety Systems

Nickel West, a fully integrated mine-to-market nickel producer, part of one of the world's leading producers of major commodities BHP in Australia