Wison, Lion Power Energy complete FS for coal gasification project

By Cepi Setiadi

China-based EPC company Wison Engineering Ltd stated that the company and PT Lion Power Energy have completed feasibility study (FS) for a planned coal to petrochemical plant project in Muara Enim, South Sumatra.

Sidik Darmawan, Business Development Manager of Wison Engineering told Petromindo.com on Monday that currently the company is conducting environmental study for obtaining the so-called environmental AMDAL license.

?We expect to obtain the AMDAL license by April 2016,? he said, adding that financial closure is also expected in April.

?By second semester of this year, we expect to commence the front engineering design for the project,? he said. Sidik revealed that the project will have total investment of US$ 3 billion.

Sidik explained that the petromchemical plant is targeted to have an annual output of 300,000 tons of olefin and 600,000 tons gasoline from 4 million ton of coal as the feedstock. In this project, state-owned oil and gas firm Pertamina is also involved as the off-taker. ?Pertamina will be the off-taker of gasoline product,? he said, but did not say when the project will be completed.

Headquartered in Shanghai, the Wison Group maintains offices in Beijing, Hong Kong, Nanjing and several other cities in China. Moreover, the Group also has established overseas subsidiaries in Singapore, Khobar, Saudi Arabia and Houston, Texas, USA. The Wison Group currently employs approximately 3,000 personnel worldwide.

With more than a decade of technology and project management experience, the Wison Group has grown to encompass eleven member companies that span across four major business sectors, including Engineering Services, Offshore & Marine, Clean Energy and Investment Businesses (Energy Investment and Telecommunication).

The Wison Group?s principal activities focus on facilitating basic energy resources closely linked to socio-economic progress such as coal, oil and natural gas.

Editing by Reiner Simanjuntak