U.S’ Continental Energy Corporation has established PT Kilang Kaltim Continental (KKC), an Indonesian subsidiaries. KKC is awarded to build, own, and operate a crude oil refinery at the KIPI Maloy port and industrial park, a East Kutai special economic zone of East Kalimantan Province.
The planned 24,000 barrels per day capacity refinery is being designed to be built in two phases, and is intended to produce diesel fuel, B30 biodiesel, LPG, naphtha, marine fuel oil, and residual fuel oil for local sale direct to industry, distributors, and consumers within the East Kalimantan Province.
The planned 24,000 barrels per day capacity refinery is being designed to be built in two phases, and is intended to produce diesel fuel, B30 biodiesel, LPG, naphtha, marine fuel oil, and residual fuel oil for local sale direct to industry, distributors, and consumers within the East Kalimantan Province.
Continental owns an 80% shareholding in KKC, and the company’s 85% owned subsidiary, PT Continental Hilir Indonesia, owns the remaining 20%. Karsani Aulia, has been appointed as the first director of KKC, and the CEO, Richard L. McAdoo has been appointed as first commissioner.
