Project Profile
Value: $900 Million
Startup Year: 2016
Ferrostaal AG plans to invest $900 million developing methanol and dimethyl ether (DME) plants in West Papua, Indonesia and will use natural gas as feedstock. Ferrostaal plans to produce 1 million metric tonnes of methanol and up to 200,000 metric tonnes of DME per annum from the West Papua project. The DME is alternative of LPG for domestic market, while methanol can be sold to domestic and export market. Gas supply is likely from BP-operated Tangguh gas project.
Regional methanol producers include Indonesia’s Kaltim, Malaysia’s Petronas and Brunei Methanol Co.