^{Photo taken during the exchange of the JSA, from left: Aris Mulya Azof - Senior Vice President, Downstream, Power, Gas & NRE (Persero); Johan N.B. Nababan - Director of Business Planning and Development, Kilang Pertamina Internasional; Hezlinn Idris - Managing Director & Group CEO, PETRONAS Lubricants International and Ahmad Adly Alias - Vice President of Refining, Marketing & Trading, PETRONAS.}


KUALA LUMPUR, Sept 14 (Bernama) -- PETRONAS Lubricants International (PLI) and PT Kilang Pertamina Internasional (PT KPI) recently signed a Joint Study Agreement (JSA) to explore the possibility of developing a new greenfield lube base oil plant in Refinery Unit (RU) IV Cilacap, Central Java.
 
This strategic collaboration will see the two companies carry out a technical and detailed feasibility study, which is expected to cater to the demand of the Indonesian market as well as growing regional markets including China and Southeast Asia, with the investment decision expected to be concluded by 2025.
 
At the signing ceremony, PETRONAS Lubricants International’s Managing Director and Group CEO, Hezlinn Idris said, “This JSA is part of our larger strategic efforts to complement and grow our existing portfolio of high-grade lube base oils. Through this collaboration, we will be leveraging each other’s strengths, capabilities and existing network distributions, reaching out to our customers better and faster. We believe this JSA will provide both companies with additional opportunities to explore the untapped markets and further expand our presence in the region as leaders in lubricant technology.”
 
Commenting on the collaboration, PT Kilang Pertamina Internasional’s Director of Business Planning & Development, Johan N.B. Nababan said, “We are proud to partner with PETRONAS Lubricants International, as we seek for synergistic opportunities to further expand our existing presence in the region. There is much potential to grow and push the boundaries of lubricant technology, and we are happy that this partnership will open up the possibilities ahead of us.”
 
A subsidiary of PT Pertamina (Persero), PT KPI is an important refining and petrochemical company in Southeast Asia that focuses on investing and managing Pertamina's operations involving the transformation of oil, natural gas, biofuels, and other resources into valuable fuel, lubricants, petrochemicals, and pharmaceutical products.
 
The refinery is capable of processing raw materials from existing RU IV Cilacap, producing up to 800 tonne/day of high-grade lube base oils as well as other supplementary products such as Diesel Fuel, Naphtha and LPG. Base oils are mainly used to manufacture products including greases, motor oil and metal processing fluids. Its dynamic property and formulation make it a preferred choice for industrial applications such as compressors, hydraulic systems, gears and turbines.
 
Issued by
PETRONAS Lubricants International
 

ABOUT PETRONAS LUBRICANTS INTERNATIONAL
 
PETRONAS Lubricants International (PLI) is the global lubricants manufacturing and marketing arm of PETRONAS, Malaysia’s dynamic global energy group. Established in 2008, PLI manufactures and markets a full range of high-quality automotive and industrial lubricant products in over 100 markets internationally. Headquartered in Kuala Lumpur, PLI also has offices around the world including Turin, Belo Horizonte, Beijing, Chicago and Durban. PLI is the technical resource behind PETRONAS’ partnership with the Mercedes-AMG PETRONAS Formula One Team, responsible for the design, development and delivery of the Fluid Technology Solutions™, which includes customised lubricants, fuels and transmission fluids to power the Silver Arrows.
 
We are a progressive energy and solutions partner, enriching lives for a sustainable future. Our commitment remains to conduct and grow our business in ways that contribute positively to society and the environment.
 
PLI is driving an aggressive business growth agenda as one of the leading global lubricants companies at the forefront of the industry, providing custom-made solutions for every need. For more information, please visit www.pli-petronas.com.
 

ABOUT PT KILANG PERTAMINA INTERNASIONAL
 
PT Kilang Pertamina Internasional (KPI) is a subsidiary of PT Pertamina (Persero). Currently the Company fully manages refinery and petrochemical business as a business entity that aims to generate profit. Previously, the Company was the parent entity of all Pertamina’s Refining & Petrochemical Project since June 2017. Then the Company received the mandate to manage Pertamina’s refinery and petrochemical sector in Indonesia. After the signing of the legal end- state on 1 September 2021, the restructuring process of Pertamina as BUMN Oil & Gas Holding was officially completed.
 
The establishment of sub holding companies’ transformation constitutes a strategic step towards adapting to future changes in order to be able to move with more agility, speed and focus for expanding its business more aggressively. PT KPI, Pertamina’s Refining & Petrochemical sub holding company is well-poised to compete and surmount challenges in the refining and petrochemical line of business to support Pertamina into becoming the world’s leading energy company. Its business mainly to process oil and gas as well as other materials in the form of trading of processed products, namely fuel products, lubricants, petrochemicals, biofuels, and others.
 
In addition to the development of the company's portfolio and performance improvement through strategic projects, the company realizes that long-term business sustainability is not only measured by the achievement of economic performance, but also through the implementation of ESG (Economic Social & Governance), PT KPI is committed to running a business by paying attention to environmental sustainability, contributes in a balanced manner to environmental preservation and empowerment of the surrounding community. 

Source: PETRONAS Lubricants International

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Anisa Adnin
Tel: +6013 904 2724 
Email: anisaadnin.mohamad@petronas.com

Name: Nabil Basaruddin 
Tel: +6012 424 9750 
Email: nabil.basaruddin@petronas.com   

--BERNAMA