The AGPA Refinery Complex (ARC) is a significant palm oil refining project currently under development in Balikpapan, East Kalimantan, Indonesia. This initiative is a collaboration between POSCO International and GS Caltex, two prominent South Korean companies.
Key Details:
• Investment and Ownership: In October 2023, POSCO International and GS Caltex committed to a joint investment of $210 million to establish ARC. POSCO International holds a 60% stake in the venture, while GS Caltex owns the remaining 40%.
• Project Scope: The refinery is designed to process 500,000 tons of crude palm oil annually, producing refined oil for both domestic consumption in Indonesia and export to countries such as South Korea and China.
• Construction Timeline: Construction commenced in the first quarter of 2024 on a 300,000-square-meter site within the Balikpapan industrial complex. The facility is expected to be operational by the second quarter of 2025.
• Sustainability Initiatives: Beyond palm oil refining, POSCO International and GS Caltex are exploring the production of sustainable aviation fuel and marine fuel using waste oil generated from the refinery, aligning with global trends toward eco-friendly energy sources.
• Local Impact: The project is anticipated to bolster the local economy by enhancing palm oil processing capabilities and creating job opportunities in the region.
This collaboration underscores the strategic importance of Indonesia's palm oil industry and reflects a commitment to sustainable development and energy production in the region.
Company Details
- Employees
- 31
- Founded
- -
- Address
- Pacific Century Place Building, Lantai 22 Jl Jendral Sudirman Kav. 52-53, Scbd Lot 10, Kel. Senayan, Kec. Kebayoran Baru, Kota Adm. Jakarta Selatan, Prov. Dki Jakarta, Jakarta Selatan,indonesia 12190,indonesia
- Industry
- Manufacturing
- NAICS
-
ManufacturingBeverage and Tobacco Product ManufacturingMiscellaneous ManufacturingTextile Furnishings MillsOther Textile Product MillsOther Miscellaneous ManufacturingCarpet and Rug MillsCurtain and Linen MillsTextile Bag and Canvas MillsAll Other Textile Product MillsJewelry and Silverware ManufacturingDoll, Toy, and Game ManufacturingOffice Supplies (except Paper) ManufacturingSign ManufacturingAll Other Miscellaneous ManufacturingRope, Cordage, Twine, Tire Cord, and Tire Fabric MillsAll Other Miscellaneous Textile Product MillsGasket, Packing, and Sealing Device ManufacturingMusical Instrument ManufacturingFastener, Button, Needle, and Pin ManufacturingBroom, Brush, and Mop ManufacturingBurial Casket Manufacturing
- Website
- https://www.ptarc.co.id
- HQ
- Jakarta Selatan, Indonesia
Pt Agpa Refinery Complex Questions
Pt Agpa Refinery Complex's website is https://www.ptarc.co.id
Pt Agpa Refinery Complex's LinkedIn profile is https://id.linkedin.com/company/agparefinerycomplex
Pt Agpa Refinery Complex has
31 employees.
View email and phone details for 31
employees at Pt Agpa Refinery Complex.
Pt Agpa Refinery Complex's industry is
Manufacturing
Pt Agpa Refinery Complex's top competitors are
Apical,
Agpa,
Pt. Wahana Prima Sejati,
Pt Amman Mineral Nusa Tenggara,
Gunung Sewu Group,
Louis Dreyfus Company,
Kpn Downstream,
Tripatra,
Lowker Migas Dan Energi,
Pt. Parna Agromas.
Pt Agpa Refinery Complex's categories are Manufacturing
Pt Agpa Refinery Complex's founding year is 2023
