The facility will be situated inside the state-run Krakatau Steel industrial complex and planned to have a production capacity of 10 million tons per year.
Petrocom director and chairman Howard Au said that the facility would generate coal to specifications in line with customers’ needs.
The firm has completed a feasibility study required for the construction project expected to take up to 18 months to complete the facility and had submitted the results to Krakatau Steel, added Howard.
Petrocom’s Indonesian legal advisor Bambang Setiawan said the project will take up to three months to settle legal and regulatory affairs with Krakatau and the Indonesian Energy and Mineral Resources Ministry before the commencement of the project.
