KUALA LUMPUR, Sept 14 (Bernama) — PETRONAS Lubricants International (PLI) and PT Kilang Pertamina Internasional (PT KPI) recently signed a Joint Study Agreement (JSA) to explore the possibility of developing a new greenfield lube base oil plant in Refinery Unit (RU) IV Cilacap, Central Java.
This strategic collaboration will see the two companies carry out a technical and detailed feasibility study, which is expected to cater to the demand of the Indonesian market as well as growing regional markets including China and Southeast Asia, with the investment decision expected to be concluded by 2025.