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Pertamina and CPC Taiwan sign Head of Agreement

Published by , Senior Editor
Hydrocarbon Engineering,

Pertamina and CPC Taiwan agreed to follow up on the cooperation in the development of the Integrated Petrochemical Industrial Complex in Balongan, West Java, Indonesia, with an investment of US$8 billion.

A Head of Agreement (HOA) was signed by Pertamina's President Director Nicke Widyawati and the President and CEO of CPC Corp. Taiwan who were symbolically represented by Ming-Huei Chen, Vice President of CPC Corp.

Nicke Widyawati said: "This project is an important milestone to strengthen the petrochemical business portfolio so that in the next 10 years Pertamina can become a major player in the petrochemical business in the Asia Pacific region.

"Going forward, Pertamina together with the government and Taiwan's CPC will continue to strengthen cooperation to complete projects targeted to operate in 2026."

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