Indonesia's state-owned gas company (PGAS) Third Sales and Operations Region confirmed that a new Chinese investor has decided to enter the Gresik Special Economic Zone (JIIPE) in East Java.
After an in-depth comparison with industrial zones in Central Java and Batam Island, the investor ultimately selected East Java as the investment destination.
The head of PGAS Surabaya Third Sales and Operations Region stated that this upcoming petrochemical enterprise is expected to become a major natural gas consumer, with demand potentially accounting for 40% of the total gas consumption of the Gresik petrochemical base.
He emphasized that the implementation of this petrochemical project will inject strong momentum into the East Java economy, and the company will fully ensure the stable energy supply of the Gresik Special Economic Zone to attract more high-quality investors.
Indonesia's state-owned gas company (PGAS) Third Sales and Operations Region confirmed that a new Chinese investor has decided to enter the Gresik Special Economic Zone (JIIPE) in East Java.
After an in-depth comparison with industrial zones in Central Java and Batam Island, the investor ultimately selected East Java as the investment destination.
The head of PGAS Surabaya Third Sales and Operations Region stated that this upcoming petrochemical enterprise is expected to become a major natural gas consumer, with demand potentially accounting for 40% of the total gas consumption of the Gresik petrochemical base.
He emphasized that the implementation of this petrochemical project will inject strong momentum into the East Java economy, and the company will fully ensure the stable energy supply of the Gresik Special Economic Zone to attract more high-quality investors.