KUALA LUMPUR: PETRONAS Lubricants International (PLI) has signed a jount study agreement (JSA) with PT Kilang Pertamina Internasional (PT KPI) to explore the possibility of a developing a new greenfield lube base oil plant in Refinery Unit IV Cilacap, Central Java.
In a statement, PETRONAS said the two companies will carry out a technical and detailed feasibility study, which is expected to cater to the demand of the Indonesian market as well as growing regional markets including China and Southeast Asia.
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