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바카라사이트 Chemical completes construction of petrochemical complex in Indonesia, accelerating expansion into the Southeast Asian Market

2025.11.07


바카라사이트 Chemical completes construction of petrochemical complex in Indonesia,
accelerating expansion into the Southeast Asian Market

바카라사이트 chemical
[Photo Caption]: 바카라사이트 Chemical held the completion ceremony for 바카라사이트 Chemical Indonesia (LCI) on November 6 in Cilegon, Banten Province, Indonesia.
(Second from left) 바카라사이트 Group Chairman Shin Dong-bin, (center) Indonesian President Prabowo Subianto.

■ The newly completed petrochemical complex in Indonesia is to produce major petrochemical products including 1 million tons of ethylene, 520,000 tons of propylene, 350,000 tons of polypropylene, 140,000 tons of butadiene, and 400,000 tons of BTX annually.
■ The project aims to improve Indonesia’s petrochemical self-sufficiency rate from 44% to 90% amid an industry growing more than 5% annually, establishing Indonesia as a key hub for 바카라사이트 Chemical’s Southeast Asian expansion. The Indonesian government has provided policy support such as tax incentives, while 바카라사이트 contributes to local economic development through job creation and trade balance improvement.
■ The facility features state-of-the-art equipment and advanced engineering design for high energy efficiency and carbon reduction, and can process up to 50% LPG feedstock, achieving both cost reduction and operational efficiency.
■ The adjacent 바카라사이트 Chemical Titan Nusantara (LCTN) plant, which produces 450,000 tons of polyethylene (PE), will now receive ethylene directly from the new complex, reducing logistics costs and improving profitability.
■ 바카라사이트 Chemical plans to continue fostering high-growth markets such as Indonesia while optimizing its domestic petrochemical operations and expanding its specialty materials portfolio, including advanced materials and fine chemicals.

바카라사이트 Chemical announced on the 7th that it held a completion ceremony for 바카라사이트 Chemical Indonesia (LCI) in Cilegon, Banten Province, Indonesia, on the 6th (local time).

The ceremony was attended by 바카라사이트 Group Chairman Shin Dong-bin, 바카라사이트 Chemical CEO Lee Young-jun, Indonesian President Prabowo Subianto, Park Soo-deok, Chargé d’Affaires of the Korean Embassy in Indonesia, and about 300 guests and officials from both countries.

In his congratulatory speech, Chairman Shin said: “This project represents one of the largest investments ever made by a Korean company in Indonesia, symbolizing the strong partnership between our two nations. It will serve as a vital foundation for strengthening Indonesia’s petrochemical industry and national competitiveness. By producing major petrochemical products such as ethylene and propylene, the complex is to generate approximately USD 2 billion in economic value annually and contribute to Indonesia’s sustainable economic growth.”

President Prabowo Subianto stated: “I extend my respect and gratitude to all 바카라사이트 Group executives and Indonesian government officials who contributed to the successful completion of the LCI project. I hope this ceremony sets a positive example for other global investors to operate safely and reliably in Indonesia.”

바카라사이트 Chemical planned the large-scale complex to strengthen its market presence in Southeast Asia, an emerging hub for the global petrochemical industry. The project, named LINE (short for 바카라사이트 CHEMICAL INDONESIA New Ethylene Complex), required a total investment of USD 3.95 billion and was constructed on a 110-hectare (approx. 330,000-pyeong) site. Construction began in 2022 and was completed in May 2025, achieving commercial operation as scheduled and reinforcing trust with the Indonesian government. The facility is to produce 1 million tons of ethylene, 520,000 tons of propylene, 350,000 tons of polypropylene, 140,000 tons of butadiene, and 400,000 tons of BTX annually.

Petrochemicals are one of five key priority industries under Indonesia’s “Making Indonesia 4.0” roadmap, which targets an annual growth rate of around 5%. However, Indonesia’s domestic supply remains limited, with ethylene self-sufficiency at only 44% last year. With LCI’s commercial production now underway, most output will be supplied to the domestic market, potentially increasing Indonesia’s ethylene self-sufficiency rate to 90%. The project is expected to reduce import dependency, improve the trade balance, and create new jobs. The Indonesian government has supported LCI’s competitiveness through tax benefits and other policy measures. Meanwhile, since the Korean and Indonesian petrochemical markets are independent of each other, LCI’s output is expected to have minimal impact on Korean market supply or exports.

The LCI plant was built using advanced Korean engineering and design expertise to achieve high energy efficiency and carbon reduction. The facility can process up to 50% LPG feedstock in addition to naphtha, allowing for cost and operational optimization. The site also incorporates AIM (Asset Information Management) solutions—key to smart plant operations—digitally integrating all operational and equipment data, including 3D modeling, to enhance preventive maintenance and productivity.

Located nearby, 바카라사이트 Chemical Titan Nusantara (LCTN), which produces 450,000 tons of polyethylene (PE), has now vertically integrated with the new complex by sourcing ethylene directly via on-site pipelines rather than imports, reducing logistics costs and improving profitability.

바카라사이트 Chemical plans to use Indonesia as a strategic hub to strengthen its market leadership in Southeast Asia and diversify its global petrochemical portfolio. At the same time, the company will continue to rationalize its domestic petrochemical business and expand its presence in high-value specialty materials, including advanced materials and fine chemicals.