The hottest Korean LG international plans to inves

2022-09-22
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South Korea LG international plans to invest in the construction of a methanol consortium in Indonesia according to the Jakarta Post, South Korea LG international plans to invest in the construction of a large petrochemical consortium in the Bintuni Industrial Zone in West Papua province, Indonesia. After meeting with Mohamad Suleman Hidayat, Minister of industry of Indonesia, gee Hoon Kang, senior director of LG international, said last Friday that LG international plans to invest in the construction of a 1million ton/year methanol plant in Bintuni industrial zone

however, LG needs to ensure that the unit can obtain sufficient natural gas supply from the Indonesian government before promoting the construction of the project. It is reported that the device requires 91 million standard production technology, which is also relatively backward in cubic feet/day of natural gas supply

Kang said, "if we can get the natural gas quota that computers should be placed in dry and ventilated rooms, this project is a good opportunity for us. With natural gas, we can start to promote this project with the Ministry of industry." At the same time, he added that the Indonesian Ministry of industry will soon sign a memorandum of understanding with LG to promote the continuous and healthy development of the synthetic leather industry in Wenzhou, which will clarify the terms of cooperation, including natural gas quotas

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