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PT.BA Advanced Technology Will Have Change So Coal Oil

PT Bukit Asam Tbk. exploring cooperation with Australian company related coal processing technology into synthetic oil.

Director of PT.BA Milawarma said although not easy, the company wants to focus on acquiring the technology so that it can be brought to Indonesia.

"This technology is not yet commercially available in the market, but it is enough proven and certified. In the remainder of this year, PT.BA will focus on the acquisition, "he said on Tuesday (10/28/2014).

Related to the concept of cooperation, Milawarma said PTBA could just buy the technology or co-owns the Australian company's shares.

"So, we acquisition that could be brought to Indonesia," he said.

He explained to the coal processing technology, about 1 ton of coal can be processed into synthetic oil and 1 Barek coking coal.

"In addition, the cost of the process is not too expensive, the method is not complicated process, coal can be directly processed into synthetic oil and high-quality coal," said Milawarma.
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