Taiwanese CPC, Pertamina sign deal for $8b petrochemical plant

first_imgThe statement added that Pertamina and CPC had been in talks over the project since late 2018. The two companies completed a feasibility study the following year.Read also: Pertamina picks Siemens to supply machinery for Balikpapan refineryOnce expansion of the Balongan refinery is completed in 2022, the facility’s fuel output capacity is expected to rise by 20 percent to 150,000 barrels per day (bpd), excluding petrochemical production, in meeting Indonesia’s growing demand for transportation fuels. Pertamina is working to develop six other refineries for similar reasons.Investment Coordinating Board (BKPM) head Bahlil Lahadali, who witnessed Friday’s signing, said his office had confirmed tax holiday incentives for the project in supporting the development. “This is a government priority project. We will absolutely support it,” he said.Pertamina previously said it planned for its Balongan facility to produce 1 million tons of ethylene each year. Ethylene, like most petrochemicals, is mainly used to produce plastics, allowing Pertamina to diversify revenue streams during periods of low fuel demand such as is happening amid the coronavirus pandemic.Consumption plunged 35 percent to 65,678 kiloliters per day in April from the daily average in January and February — before the country introduced a physical distancing policy requiring people to stay at home to contain the COVID-19 outbreak.Read also: Oil giant Pertamina delves into health industry amid drop in fuel demandDue to the falling demand, Pertamina projects its revenue to fall by up to 45 percent below initial expectations under a worst-case scenario.Pertamina spokeswoman Fajriyah Usman told The Jakarta Post on May 18 that the oil company would prepare the base ingredients for pharmaceutical production, then either state-owned pharmaceutical company Kimia Farma or Kimia Farma with Pertamina would process the ingredients into pharmaceuticals.“We are still discussing the details,” Ganti Winarno, corporate secretary at Kimia Farma, told the Post Wednesday last week.Topics : State-owned oil and gas giant Pertamina signed on Friday a head of agreement with Taiwanese counterpart CPC to develop a petrochemical facility in Balongan, West Java.The US$8 billion petrochemical facility, slated for commercial operation in 2026, represents the third phase expansion of Pertamina’s Balongan oil refinery.“This project is an important step in strengthening Pertamina’s petrochemical business such that, in the next 10 years, Pertamina can become a major petrochemical business player in the Asia- Pacific,” said Pertamina president director Nicke Widyawati in a statement that day.last_img read more

Briana Williams signs on as Digicel brand ambassador

first_imgBRIANA Williams has signed a three-year deal to become a Digicel brand ambassador. As an ambassador, the 18-year-old Williams joins track and field legends Usain Bolt and Shelly-Ann Fraser-Pryce as well as dancehall icon Rodney ‘Bounty Killer’ Price, who already represent the Caribbean’s leading telecommunications provider. “Bold. Strong. Brave. Briana speeds over to take her place in our league of Brand Ambassadors. Help us welcome Briana Williams @briana.nichole,” Digicel posted on Instagram Friday.“With extreme delight and boundless confidence, we welcome Briana as our newest brand ambassador. She is truly an inspiration to many, and we are very optimistic about what this means for the future of our relationship with our customers, as she helps us to accelerate us along this new path to becoming their digital lifestyle partner,” Nasha-Monique Douglas, Chief Marketing Officer for Digicel Jamaica, added.In her new role, Williams will help to keep Digicel’s customers engaged with its suite of apps while engaging the wider community through mentorship and her performances on the track.“This is a dream come true for me and so I feel humble and grateful to be representing such an iconic brand with such a rich history of supporting athletics in Jamaica,” Williams said of this latest milestone in her burgeoning career. “I look forward to representing Digicel the best way I can, alongside the other amazing ambassadors across sports and entertainment.”At the age of 16, Williams – coached by Ato Boldon and represented by US-based agents HSI Sports as well as Jamaica-based brand managers, LEEP Marketing – won 2018 World U-20 sprint double in Tampere, Finland. Her winning time of 22.50 in the 200m was a personal best and championship record.She also won the NACAC U-18 100m title in Mexico and the Pan Am U-20 100m title in Costa Rica in 2019.During that span, she also won six gold medals at the CARIFTA Games in The Bahamas and Cayman Islands, respectively, and was awarded the coveted Austin Sealy Award as the game’s MVP on both occasions. In doing so, she became the first Jamaican since Usain Bolt in 2004 to win back-to-back awards.Williams also holds the national junior record of 11.02s set in New Mexico in June 2019.Special Olympics champion, Alphanso Cunningham and reggae storyteller, Jesse Royal are also brand ambassadors for Digicel.This is the Nike-sponsored Williams’ second endorsement deal this month, having signed with GraceKennedy on July 1 (Sportsmax)last_img read more

Free Hybrid and Electric Rides in HOV Lanes Set to End This Month

first_imgIf you drive a hybrid or electric vehicle, or know someone who does, this could affect you.After September 30 of this year, and for the foreseeable future, hybrids and electric vehicles will still be exempt from paying tolls on I-95 Express lanes throughout South Florida. However, after that day, drivers of hybrids and electric vehicles will no longer be allowed to drive in high-occupancy vehicle (HOV) lanes without having a passenger in the car, which is the same law that applies to regular vehicles.The reason? The 2015 Fixing America’s Surface Transportation Act (or FAST Act) provided state transportation departments with the ability to give hybrids and electronic vehicles an exemption to use the HOV lanes. That provision of the FAST Act expires at the end of this month.There is some good news, though. HOV lanes that have been converted to express lanes, including those on I-95 in our region, will continue to offer the same toll exemptions to hybrids and electric cars. Exemption stickers may be obtained here.last_img read more