Honan Petrochemical Corp. has signed a MOU with Krakatau Steel for a land in Cilegon, Indonesia to build a new naphtha cracker and downstream units.
The feasibility study of the project has started and would include:
- 1 million t/y Ethylene
- 550,000 t/y Propylene
- 600,000 t/y Polyethylene (PE)
- 600,000 t/y Polypropylene (PP)
- 700,000 t/y Monoethylene Glycol (MEG)
- 140,000 t/y Butadiene
The capital expenditure is estimated at $5 billion and the completion is planned in 2016.
