PT Pertamina will use the assets of PT Badak NGL to accelerate the construction of a new fuel oil (BBM) refinery with a capacity of 300,000 barrels per day in Bontang, East Kalimantan.
Pertamina's Director of Processing and Petrochemical Megaprojects, Rachmad Hardadi, stated that a number of supporting infrastructure for the operation of the Badak NGL liquefied natural gas (LNG) refinery are 21 units of high-quality power plant boilers, and storage tanks can be used to support the operation of the Bontang BBM refinery. Badak LNG can support the BBM refinery project, so it will accelerate the project.
The prospective BBM refinery area that is already available next to Badak NGL's operational location will accelerate the project even more. Badak NGL is a subsidiary of Pertamina with a 50% share ownership.
Hardadi said that currently, Pertamina is still waiting for the appointment of the International Finance Corporation (IFC) as a consultant to be appointed by the government in partner selection. The selection of partners for the Bontang refinery development has been accelerated to the end of 2017. On the other hand, Pertamina is also preparing a bankable feasibility study which is also targeted for completion in 2017.
Kontan, Page-14, Tuesday, Oct 25, 2016
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