ID :
99372
Mon, 01/11/2010 - 16:27
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Shortlink :
https://www.oananews.org//node/99372
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PETROKIMIA, JPMC TO BUILD PHOSPHATE ACID PLANT IN GRESIK
Jakarta, Jan 11 (ANTARA) - PT Petrokimia Gresik (PGK) and Jordan Phosphate Mines Co. Ltd (JPMC) have reached an agreement to build a phosphate acid plant with a capacity of 200,000 tons per year in Gresik, East Java.
A memorandum of understanding on the project to cost US$200 million was signed in the presence of State Enterprises Minister Mustafa Abubakar and JPMC CEO Abdul Walid Khodri in Jakarta on Monday.
According to State Enterprises Minister Mustafa Abubakar, PT Petrokimia Gresik and JPMC had established a joint subsidiary, called Petro Jordan Abadi with each side controlling 50 percent of the shares.
PKG is a producer of phosphate-based fertilizers SP-36 and NPK, urea, ZA, and organic fertilizer.
The phosphate acid plant will be built in the first semester of this year. In 2012 PGK was expected to have a capacity to produce 2,840,000 tons of NPK and 500,000 tons of phosphate (SP-36), besides urea, ZA and organic fertilizer.
Meanwhile, PKG president director Arifin Tasrif said phosphate as a raw material would be imported from Jordan which has phosphate deposits of 2 billion metric tons.
He said national demand for NPK fertilizer until 2015 would reach 7 million tons while the production capacity of PT Petrokimia Gresik by 2012 would only be 2.2 million tons.
"In 2012, PT Petrokimia Gresik will be the biggest NPK producesr in Asia," Arifin Tasrif said, adding that to meet its maximum production capacity, part of of its need for phosphate was obtained from import.
State Enterprises Minister Mustafa Abubakar said the process to establish PGK and JPMC's joint subsidiary company had happened since 2007, and following the conclusion of a feasibility study, the joint phosphate acid plant was expected to be in operation at the end of 2012.***
A memorandum of understanding on the project to cost US$200 million was signed in the presence of State Enterprises Minister Mustafa Abubakar and JPMC CEO Abdul Walid Khodri in Jakarta on Monday.
According to State Enterprises Minister Mustafa Abubakar, PT Petrokimia Gresik and JPMC had established a joint subsidiary, called Petro Jordan Abadi with each side controlling 50 percent of the shares.
PKG is a producer of phosphate-based fertilizers SP-36 and NPK, urea, ZA, and organic fertilizer.
The phosphate acid plant will be built in the first semester of this year. In 2012 PGK was expected to have a capacity to produce 2,840,000 tons of NPK and 500,000 tons of phosphate (SP-36), besides urea, ZA and organic fertilizer.
Meanwhile, PKG president director Arifin Tasrif said phosphate as a raw material would be imported from Jordan which has phosphate deposits of 2 billion metric tons.
He said national demand for NPK fertilizer until 2015 would reach 7 million tons while the production capacity of PT Petrokimia Gresik by 2012 would only be 2.2 million tons.
"In 2012, PT Petrokimia Gresik will be the biggest NPK producesr in Asia," Arifin Tasrif said, adding that to meet its maximum production capacity, part of of its need for phosphate was obtained from import.
State Enterprises Minister Mustafa Abubakar said the process to establish PGK and JPMC's joint subsidiary company had happened since 2007, and following the conclusion of a feasibility study, the joint phosphate acid plant was expected to be in operation at the end of 2012.***
