Sign in Subscribe
Cabinet officials

Balikpapan RDMP Project to Become Environmentally Friendly Refinery

Strategic Insights

— 1 min read

The Balikpapan Refinery Development Master Plan (RDMP) project, a national strategic project in Indonesia, is on track to become an environmentally friendly refinery by reducing emissions through energy efficiency and the production of cleaner products. The project is expected to save the current account by USD 2.5 billion per year from petroleum products, LPG, and petrochemicals. Pertamina, the project developer, has successfully secured funding from 4 Export Credit Agencies and 22 commercial creditors, with a total value of USD 3.1 billion.

Key Takeaways:

  • The Balikpapan RDMP project will reduce emissions through energy efficiency and the production of cleaner products, supporting Indonesia's net-zero emission program.
  • The project is expected to save the current account by USD 2.5 billion per year from petroleum products, LPG, and petrochemicals.
  • The project will bring a multiplier effect for regional economic growth by involving local companies and creating local job opportunities.
  • The Domestic Component Level (TKDN) of the project is targeting 30-35%.
  • The project's development funding has been secured from 4 Export Credit Agencies and 22 commercial creditors, with a total value of USD 3.1 billion.
  • The construction of the refinery has been progressing with a strong emphasis on maintaining safety and security measures, despite the challenges posed by the ongoing Covid-19 pandemic.
  • The Balikpapan Refinery will be able to process almost all types of crude oil, with advanced processing capabilities, enabling the efficient search for crude oil and at a lower cost.
  • The quality of the products will improve from Euro 2 to Euro 5.
  • The project's completion is expected to increase production from 260,000 barrels per day to 360,000 barrels.
  • Nicke Widyawati, President Director of PT Pertamina (Persero), stated that the Balikpapan RDMP Project will become a modern and environmentally friendly refinery.

Statistics:

  • The project is expected to save the current account by USD 2.5 billion per year.
  • The project has secured funding from 4 Export Credit Agencies and 22 commercial creditors, with a total value of USD 3.1 billion.
  • The construction of the refinery has progressed to 74% completion.
  • The total weight of the Residue Fluid Catalytic Cracking (RFCC) Disengager/Stripper and Regenerator equipment is approximately 3,100 tons.
  • The project's Domestic Component Level (TKDN) is targeting 30-35%.

Sources:

  • Pertamina
  • Category: Energy Equipment & Services, Oil Refining, ESG, Capital Refinance/Restructure, Funding Activities
  • Copyright 2017 Contify.com

Read more