Latham & Watkins has advised U.S. industrial gases provider Air Products on its agreement to build $2 billion methanol production facility in East Kalimantan along with Bakrie Capital Indonesia and Ithaca Resources, who were represented by Mishcon de Reya.

The plant, said to be the first of its kind in Southeast Asia,  will be used for air separation, gasification, syngas clean-up and utilities. Bakrie Capital Indonesia and Ithaca Resources will supply the coal feedstock and offtake the methanol production, which will be sold by Air Products within Indonesia.

This facility, which is expected to go online in 2024, will enable nearly two million tons per year (TPY) of methanol to be produced from nearly six million TPY of coal.

The Latham team was led by partner Clarinda Tjia-Dharmadi, while Tahirah Ara led the Mishcon team.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Seoul: DLA bolsters projects, energy offering with hire from Milbank

by Mari Iwata |

DLA Piper has recruited energy and project finance expert Brian Youn as a partner in Seoul from Milbank, where he was a counsel.

India’s Khaitan establishes offices in Ahmedabad, Pune

by Nimitt Dixit |

Khaitan & Co, India's largest law firm by headcount, has established two new offices in Western India. It has opened an office in Ahmedabad after luring back projects finance lawyer Atman Desai from Cyril Amarchand Mangaldas, and one in Pune.

Vietnam: Dentons LuatViet gets new head of M&A, project finance from PwC

by Mari Iwata |

Dentons LuatViet, Dentons’ member firm in Vietnam, has hired Eva Szurminska-Jaworska as a senior partner and the head of its M&A and project finance practice from PwC Legal.