ID :
92959
Thu, 12/03/2009 - 12:08
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https://www.oananews.org//node/92959
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SOUTH AFRICAN COMPANY TO INVEST US$2 BILLION IN INDONESIA
Jakarta, Dec. 2 (ANTARA) - South African petrochemicals group Sasol will invest around US$2 billion in Indonesia to build a coal liquefaction plant.
"Sasol is ready to construct a coal liquefaction plant in Indonesia," Gita Wirjawan, head of the Indonesian Investment Coordinating Board (BKPM) said here on Wednesday.
BKPM would send a delegation to South Africa to follow up the investment plant, he said after attending a signing of Memorandum of Understanding between Krakatau Steel and Pohang Iron and Steel Corporation (Posco) at the industry ministry.
"There will be a Memorandum of Understanding to be signed by BKPM and Sasol in South Africa," he said.
Sasol is a company which has the technology to convert coal into oil fuel.
The negotiation on the investment cooperation has been finalized, according to him without giving further details.
Another source said that Sasol was eying Indonesia`s largest coal mining company in East Kalimantan.
"Sasol is ready to construct a coal liquefaction plant in Indonesia," Gita Wirjawan, head of the Indonesian Investment Coordinating Board (BKPM) said here on Wednesday.
BKPM would send a delegation to South Africa to follow up the investment plant, he said after attending a signing of Memorandum of Understanding between Krakatau Steel and Pohang Iron and Steel Corporation (Posco) at the industry ministry.
"There will be a Memorandum of Understanding to be signed by BKPM and Sasol in South Africa," he said.
Sasol is a company which has the technology to convert coal into oil fuel.
The negotiation on the investment cooperation has been finalized, according to him without giving further details.
Another source said that Sasol was eying Indonesia`s largest coal mining company in East Kalimantan.
