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Investment
Air Products plans coal-to-methanol project in Indonesia
by Alexander H. Tullo
May 21, 2020
| A version of this story appeared in
Volume 98, Issue 20
Air Products plans to spend $2 billion to build, own, and operate a coal-to-methanol complex in Indonesia. The gasification plant will have about 2 million metric tons (t) per year of methanol capacity when it opens in 2024. The methanol will be purchased by the local firms Bakrie Capital and Ithaca Resources, which will supply 6 million t of coal per year. Air Products has been investing heavily in gasification. It has spent billions on coal-to-chemicals plants in China and is participating in a gasification-based power plant in Saudi Arabia.
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