The Sinarmas Cepsa Pte joint venture will expand production of biobased chemicals at its fatty alcohol plant in Indonesia, under an agreement announced last week. The company’s vegetable-derived products used in lubricants include fatty alcohols, oleic acid and stearic acid.
The project still requires a final investment decision, the joint venture said in its Nov. 8 announcement, and the amount of additional production capacity was not disclosed.
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Established in 2014 and headquartered in Singapore, Sinarmas Cepsa is a 50:50 joint venture between Singaporean palm oil company Golden Agri-Resources and the chemicals business of Cepsa. The joint venture and the partner companies signed a memorandum of understanding to expand the Sinarmas Cepsa site in Lubuk Gaung. The existing facility, which began production in 2017, is fully utilized, according to the joint venture.