Prospect Industry And Market of BENZENE in Indonesia
Bizteka Business Journal-051/January/2020

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A strong petrochemical industry will provide a solid foundation for the growth and development of other industries either directly or indirectly derived from the industry. Even the strong structure of the petrochemical industry, especially on the upstream side will support the acceleration of its downstream industry growth. This step is being carried out by the government in developing the petrochemical industry in the country today.

The government through PT Pertamina in the next five years (2020 – 2025) plans to shift the company’s business from the fuel oil business to petrochemicals. The government has also acquired PT Tuban Petrochemical Industries (TPI) worth Rp 3,1 trillion. This move made the red plate company officially the majority shareholder of TPI, the holding of the aromatic factory PT Trans Pacific Petrochemical Indotama (TPPI), based in Tuban, East Java.

In the private sector, PT Chandra Asri Petrochemical Tbk through its subsidiary, PT Chandra Asri Perkasa (CAP2) is building a second petrochemical complex. The project will later produce chemicals Benzene, Ethylene, Propylene, Butadiene, HDPE, LDPE, Polypropylene, Mixed C4, Gasoline.

This prompted BIZTEKA to further discuss the Prospects for the Industry and Marketing of Benzene Chemicals in Indonesia. This report also discusses the development of Benzene supply and demand in the local market, prices, projected consumption and export opportunities in the future. This report is prepared based on the results of interviews with producers and industry users as a primary data source. Whereas secondary data was obtained from relevant government agencies such as the Ministry of Industry, the Ministry of Trade, the Central Statistics Agency, the Investment Coordinating Board, and the data banks at CCI. (List Content)

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