Sinarmas CEPSA Expands Bio-based Chemicals
Sinarmas CEPSA, a 50:50 joint venture between Spanish CEPSA and Indonesian conglomerate Sinar Mas, has signed a Memorandum of Understanding (MoU) with Singaporean palm oil producer Golden Agri-Resources – a subsidiary of Sinar Mas – to expand bio-based chemicals production.
Under the terms of the MoU, Sinarmas CEPSA will increase output at its site in Lubuk Gaung, Indonesia. A timescale for the project was not disclosed and remains dependent on final investment decisions.
The company said it has a strong ambition to grow along the fatty alcohols value chain, citing growing global demand for fatty acids and natural alcohols into home and personal care products, as well as increasing demand for sustainable, bio-based solutions across a variety of the industries it serves.
“Sustainably sourced, bio-based alternatives are key requirements for our customers and the markets we serve,” said Kung Chee Wan, CEO of Sinarmas CEPSA. “We are excited to grow with our customers and increase the scale of our sustainable and traceable integrated supply chains.”
Sinarmas CEPSA is headquartered in Singapore, with production facilities in Lubuk Gaung and Genthin, Germany.
Author: Elaine Burridge, Freelance Journalist
