Indonesia, Taikun Petrochemical affirm commitment for $5.95 billion project
8/4/2025 12:00:00 PM
Indonesia signed a memorandum of understanding with PT Taikun Petrochemical to affirm a commitment to invest $5.95 B to build a petrochemical production facility in North Kalimantan, the economic ministry said.
Taikun, a joint venture between China's Tongkun Group, Xinfengming Group and Tsingshan Group, is expected to process 10 million metric tons of crude oil a year at the facility.
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