Indonesia and China have signed a memorandum of understanding (MoU) to conduct a feasibility study of a 560 million U.S. dollar coal-to-methanol plant.
Indonesia’s Industry Minister, Agus Gumiwang Kartasasmita, said in a statement on Wednesday.
According to him, the cooperation to build a coal-to-methanol plant is very important for the industrial sector.
He said the Industry Ministry really appreciates companies with a vision to initiate coal gasification projects and support this pioneering industrial investment plan.
He stated that the plant is expected to be built in Meulaboh city situated in the country’s westernmost province of Aceh.
“With an investment value of 560 million U.S. dollars, the plant will process 1.1 million tons of coal into 600,000 tons of methanol per year.