Corporate Overview

PT TITAN Petrokimia Nusantara 

The company was established in 1990 by BP Chemicals Investment Limited, Mitsui & Co. Ltd and Sumitomo Corporation and PT. Arseto Petrokimia, as PT. Petrokimia Nusantara Interindo (PT. PENI). PT. PENI was the first and largest polyethylene (PE) producer in Indonesia. PE is one of world’s most widely used polymer; used to make a variety of plastic products from packaging film and containers to components for a host of industries. Following an acquisition by Titan Chemicals Corp. Sdn. Bhd. in 2006, PT. PENI became PT. TITAN Petrokimia Nusantara.

A brief history

The plant is located on a 36-hectare site in Merak, Banten province, about 120 km outside Jakarta, started with two trains, two warehouses for PE storage with a combined capacity of nearly 14,000 metric tonnes, a private jetty that can serve incoming ships of up to 10,000 DWT and Hydrogen and Nitrogen production facilities. After two years of construction, in 1993 the company commenced production of PE with two trains; total capacity 200,000 tonnes per annum. A year later in 1994, the company’s first expansion programme led to an increase in production capacity by 50,000 tonnes per annum. The company embarked on a second expansion programme in 1998 by adding a third train with a capacity of 200,000 tonnes per annum. This brought the company’s total capacity to 450,000 tonnes per annum, making it the third largest High Density Polyethylene (HDPE) and Linear Low Density Polyethylene (LLDPE) producer in South East Asia. In 2003, PT. PENI’s shareholders sold the company to the Indika Group, an Indonesian group with interests in petrochemicals, energy and mining. Three years later, on 21 March 2006 Indika sold the company to Titan Petchem (M) Sdn. Bhd,, a subsidiary of Titan Chemicals Corp. Sdn. Bhd. and was subsequently renamed PT. TITAN Petrokimia Nusantara (PT. TITAN).

For more information on Titan Chemicals Corp. Sdn. Bhd. please visit www.titangroup.com