PGRC Palu Refinery is a Overseas Investment consortium company which consists of PT. General Administration Asia (PMA), Anglo Vitality Refining Group (UK), Brisbane Capital Funding (Australia), China Nationwide Technical Import & Export Co. (China), PT. Toman Pare (Indonesia), and several other partners established in Palembang Indonesia to construct an oil refinery and an international storage for strategic oil reserve in order to help the fulfillment of home gasoline needs.
Gasoline consumption within the country continues to soar sharply nevertheless it couldn’t be offset by the the expansion of refinery capacity and the rise of domestic gasoline production. Apart from, a lot of the raw materials of crude oil for domestic refinery within the nation originated from domestically crude oil manufacturing wherein this present production retains on declining. Therefore to meet the home demand, the number of imported gas and crude oil increases.The federal government requires new extra refineries to be constructed in order to satisfy the needs of oil refinery and home fuel at the same time.
PGRC Palu Refinery plans to assemble an oil refinery with the capability of 300,000 bpd which is able to produce products similar to gasoline, diesel, kerosene with prime quality refers back to the Euro V standard and Migas specification within the Palu Special Economic Zone (SEZ), Center Sulawesi. Furthermore in the same place, PGRC Palu Refinery also plans to determine an international storage facility with the capacity of 10,000,000 barrels. The crude oil will probably be imported directly via long-term contracts with the Anglo Energy Refining Group (UK) as well as from other sources.
The construction of oil refinery and nationwide strategic oil reserve began from engineering, procurement, development to commissioning and start-up will take 30-32 months. The entire investment that can be incurred is 鈧?,400,000,000 with the payback period of 5 years and 4 months. The benefits that might be generated from this oil refinery mission are increasing the capability of oil refinery and petrochemical industry in the nation, opening more alternatives to the growth of derivatives downstream industry, upgrading the resilience and safety of stock and provide of home gasoline and creating thousand of recent jobs as well.
