USD 15 billion deal with Air Liquids to turn coal into fuels

Indonesia has signed a deal worth USD 15 billion with Air Products and Chemicals, an American gas processing and chemical company, to develop a coal gasification industry in the country. The deal was described as “long-term investment agreement” aimed at converting “low-value coal into high-value-added chemical products” such as methanol. The deal reflects Indonesia’s desire to move away from coal-fired power plants but at the same time coal gasification can help alleviate the country’s fuel imports.

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