PGRC Palu Refinery is a Overseas Funding consortium firm which consists of PT. Basic Management Asia (PMA), Anglo Power Refining Group (UK), Brisbane Capital Investment (Australia), China Nationwide Technical Import & Export Co. (China), PT. Toman Pare (Indonesia), and a number of other different companions established in Palembang Indonesia to construct an oil refinery and a global storage for strategic oil reserve so as to help the achievement of home gas needs.
Gasoline consumption within the country continues to soar sharply but it surely couldn’t be offset by the the expansion of refinery capacity and the rise of domestic gasoline manufacturing. Besides, most of the raw material of crude oil for home refinery in the country originated from domestically crude oil manufacturing wherein this current production retains on declining. Due to this fact to satisfy the domestic demand, the number of imported gasoline and crude oil will increase.The federal government requires new extra refineries to be constructed so as to fulfill the needs of oil refinery and domestic fuel at the identical time.
PGRC Palu Refinery plans to assemble an oil refinery with the capacity of 300,000 bpd which is able to produce merchandise akin to gasoline, diesel, kerosene with top quality refers to the Euro V normal and Migas specification in the Palu Special Economic Zone (SEZ), Middle Sulawesi. Furthermore in the same place, PGRC Palu Refinery additionally plans to establish a global storage facility with the capability of 10,000,000 barrels. The crude oil might be imported immediately by lengthy-time period contracts with the Anglo Energy Refining Group (UK) as well as from other sources.
The construction of oil refinery and national strategic oil reserve started from engineering, procurement, construction to commissioning and begin-up will take 30-32 months. The overall investment that shall be incurred is 鈧?,four hundred,000,000 with the payback interval of five years and 4 months. The advantages that can be generated from this oil refinery undertaking are growing the capability of oil refinery and petrochemical trade within the country, opening more alternatives to the expansion of derivatives downstream trade, upgrading the resilience and safety of stock and supply of domestic gas and creating thousand of latest jobs as effectively.