Honeywell’s UOP unit has obtained a $1 million grant from the US trade and development agency (USTDA) to partially fund a recommendation a.k.a. a ‘bankable feasibility study’ for the revamp of five of Pertamina’s largest Indonesian refineries. Pertamina’s total refining assets have a capacity of nearly 1 million barrels per day. USTDA is a government foreign assistance agency that is funded by Congress. The USTDA’s mission is to help companies create US jobs through the export of goods and services to emerging economies.
Honeywell UOP CEO Rajeev Gautam said, ‘We have specialized in the design and modernization of refineries around the world for nearly 100 years and have worked with Pertamina for more than four decades and recently established an office in Jakarta to expand our presence in Indonesia.’ Pertamina president Karen Agustiawan added ‘We need to modernize our refining infrastructure to meet the rising demand for energy and petrochemical products in Indonesia and reduce our reliance on imports.’ More from Honeywell and USTDA.
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