PT Indonesia Bulk Terminal (IBT) and PT Shell Indonesia have signed an agreement to build a US$40 million fuel facility in South Kalimantan.
IBT, a subsidiary of the country’s second largest coal producer PT Adaro Energy, is the operator of a coal terminal in the Laut island off South Kalimantan.
Andre J Mamuaya, president of Adaro Energy, said under the agreement signed on Sept 1, Shell will build the fuel storage facility with a capacity of 60,000 tons near a fuel tank owned by IBT on the island.
