PIMD eyes Singapore biomethanol exports after 2028 scale-up: exec
Singapore-based Pertamina International Marketing and Distribution is eyeing Singapore as the first reference market for Indonesian biomethanol, with physical exports expected to begin after a commercial-scale plant, targeted for around 2028, comes online, Aditya Prabowo, managing director of PIMD, told Platts, part of S&P Global Energy, on Aug. 19. “We want the pilot at Sei ...
Pertamina International Marketing and Distribution (PIMD), a Singapore-based company, is exploring the potential for exporting Indonesian biomethanol to Singapore as the first reference market. The company is planning to commence physical exports of biomethanol after a commercial-scale plant, expected to be operational around 2028, begins production.
This facility will be developed by Pertamina New & Renewable Energy (Pertamina NRE) and Singapore-based CRecTech, using CRecTech's catalyst technology to convert biogas from palm oil mill effluent into biomethanol, potentially reducing production costs by up to 50%. The pilot facility is scheduled to begin operations in December 2026.
PIMD's memorandum of understanding with Pertamina NRE is exploratory and does not include volume commitments, but it aims to study the potential of biomethanol as a marine fuel and its environmental attributes. The companies see Singapore as the obvious reference market due to its position as the world's largest bunkering hub and PIMD's existing bunker operations in the city-state.
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