PT Pertamina Lubricants and two other Indonesian companies have formed a joint venture aimed at developing catalysts that can be used in the processing of palm oil.
The companies are hoping that their alliance, PT Katalis Sinergi Indonesia, will develop domestic materials that can help maximize returns from the palm industry.
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Pertamina’s partners in the venture are Karawang-based PT Pupuk Kujang, a supplier of fertilizers and other chemicals, and Bandung-based PT Rekacipta Inovasi, a firm that supports patent and startup innovation. The joint venture will work with Indonesian universities as part of a national strategy to develop natural resources.