State-owned fertilizer-maker holding company PT Pupuk Indonesia plans to build a new plant that will produce 445,500 mt/y of ammonia and 907,500 mt/y of urea, according to Bloomberg, citing Investor Daily.
The new plant is expected to be in operation in 2017. Bank Negara Indonesia and Bank Mandiri are joint mandated lead arranger and book-runner of syndicated loan for the project.