Hong Kong-based Petrocom Energy Ltd has unveiled plans to invest up
to US$40 million on a proposed coal-blending facility in Cilegon,
Banten.
The facility is planned to have a production capacity of
10 million tons per year, and will be situated inside the state-run
Krakatau Steel industrial complex.
Petrocom director and chairman
Howard Au said Friday in Cilegon that the facility would generate coal
to specifications in line with customers’ needs.
“There is a lot
of low-quality coal rejected by the market. We therefore need to mix and process this coal so that the end products are in accordance with the
market demands,” Howard said during a press conference on the facility
plan.
He added that Petrocom had completed a feasibility study required for the construction project and had submitted the results to
Krakatau Steel.
Petrocom's Indonesian legal advisor, Bambang
Setiawan, said it may take up to three months to settle legal and
regulatory affairs with Krakatau and the Indonesian Energy and Mineral
Resources Ministry before the construction project could commence.
“It
might take up to 18 months to complete the facility, since we first
need to choose the location, complete a design and then build it,”
Howard said, as quoted by kontan.co.id.
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