September 20, 2014 11:07 PM ET

Chemicals

Company Overview of PT Medco Ethanol Lampung

Company Overview

PT Medco Ethanol Lampung manufactures and markets ethanol. The company is based in Lampung, Indonesia. PT Medco Ethanol Lampung is a subsidiary of Medco Energi Internasional tbk PT.

Graha Niaga 16th Floor

Jl. Jend. Sudirman kav.58

Jakarta,  12190

Indonesia

Key Executives for PT Medco Ethanol Lampung

PT Medco Ethanol Lampung does not have any Key Executives recorded.

PT Medco Ethanol Lampung Key Developments

PT Medco Ethanol Lampung Shuts Ethanol Plant in Lampung, Indonesia

PT Medco Ethanol Lampung has closed its ethanol plant in Lampung on October 16, 2013. PT Medco Energi Internasional has attributed the closures of the plant to insufficiency of sustainable feedstock supply, namely cassavas and molasses for ethanol production. The move implicates that PT Medco Downstream and its subsidiaries shall no longer operate its downstream activities.

Medco Energi Seeks Partner For Medco Ethanol Lampung

Medco Energi Internasional tbk PT is seeking partners to boost its non-core business. It said that it would keep focused on its core business of oil and gas exploration and production and would find investors to develop its non-core business. Syamsurizal Munaf, Finance Director of Medco, said that Medco has been in talks with local investors on selling stakes in several more assets for around $40 million. Lukman Mahfoedz, President Director of Medco, said that Medco was seeking a partner for its PT Medco Ethanol Lampung. He added, "We are in negotiations. We don't want to just release it Medco Ethanol Lampung. We want to make this business bigger."

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