Bakrie’s Petrochemical Drive
Some news outlets reported recently about a plan from PT Energi Mega Persada Tbk (ENRG), an oil and gas company controlled by Bakrie Family, to work with Reignwood Holdings, a company controlled by Thailand-based businessman, in the production of purified therephthalic acid (PTA), key raw material for the production of plastics and textile fibers. Really?
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