Thursday, June 11, 2009

Mitsubishi to invest US$1.5 bln in Indonesia’s petrochemical industry

Mitsubishi plans to build a coal-based petrochemical factory at an investment outlay of US$1.5 billion in East Kalimantan’s petrochemical industry. Feasibility studies have been completed on the consttruction of the factory, and the company awaits approval from government to provide support facilities like infrastructure and tax incentives to ensure continuity in the factory`s operation.

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