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Petronas will work with AKRA to distribute ethanol in Indonesia

01 September 2020 10:05

JAKARTA - Petronas Chemicals Group Berhad (PCG) cooperates with PT AKR Corporindo Tbk. (AKRA) to distribute ethanol in Indonesia. This cooperation was marked by the formation of a joint venture.

Sazali Hamzah, Managing Director and Chief Executive Officer of PCG said that AKRA is a partner with strong logistics infrastructure and market position. "Apart from distributing ethanol, we want to expand our business by distributing other chemical products," he said in a press release published on Tuesday (1/9).

The memorandum of cooperation between the two companies was signed by Petronas Chemicals Marketing Sdn Bhd (PC Marketing) and PT AKR Niaga Indonesia (PT ANI). The signing of the memorandum of cooperation was attended by top officials from the two companies, namely, Haryanto Adikoesoemo, Group CEO and President Director of PT AKR Corporindo Tbk (AKRA) and the board of directors of PT ANI.

Haryanto appreciated the cooperation of the two companies. "Our partnership with PCG is an important step in our expansion strategy and strengthens our position as the main fuel and chemical distributor in Indonesia," he said. (LK/AR)

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