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MORE: Pertamina Targets Petrochemical Plant With PTT Global

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Dec. 10 (Bloomberg) -- Cos. plan final investment decision on petrochemical plant by 2015, Pertamina says in statement in Jakarta today. * Plant may start operations in 2018, cos. aim to account for 30% of Indonesia’s petrochemical market valued at around $30b by 2018: statement * Pertamina will have 51% stake in JV and PTT Global Chemical 49%, says Chrisna Damayanto, Pertamina’s refinery director * Plant will have capacity of 1m tons of naphtha/yr; feed stock will come from Thailand and Indonesia: Damayanto * NOTE: PTT Global Chemical said on Nov. 11 that expected joint venture will invest in olefin and aromatics plants with annual capacity of more than 1m tons for total investment ~$4b-$5b

To contact the reporter on this story: Fitri Wulandari in Jakarta at

To contact the editor responsible for this story: Pratish Narayanan at