Spending power
TheGrid Corporate Spending Power index would rate purchasing capacity from registry, scale and activity signals.
Spending power
Key facts
Counted staff
24
self-reported band not used
Office countries
1
1 address
Company type
Privately Held
self-reported
Description
The development of PT. Tuban Petrochemical Industries (TubanPetro) began after the government completed the conversion of the Multi-Year Bond (MYB), also known as TubanPetro's Rp2.62 trillion debt, into shares with the issuance of Government Regulation (GR) Number 66 in 2019.
The GR became the starting point for the development of TubanPetro as the basis for the integrated national petrochemical industry. The conversion policy is regulated in the State Budget or APBN Law in 2019.
Through conversion, it gives TubanPetro room to expand its business. Thus, the expansion of business capacity in TubanPetro's subsidiaries, mainly for PT. Polytama Propindo and especially for PT. Trans-Pacific Petrochemical Indotama (TPPI), which has only functioned for fuel processing, can be increased.
The conversion has been done with transparency and accountability. This step aims to save receivables and optimize state assets, so it will be able to reduce imports of petrochemical products and accelerate the domestic downstream industry.
After the conversion was completed, the government issued new shares to allow PT. Pertamina to be part of TubanPetro. Pertamina's entry as the majority shareholder in TubanPetro is a follow-up to the Head of Agreement between the Ministry of Finance and Pertamina on August 15, 2018, as well as the implementation of Government Regulation No. 66 in 2019 concerning the addition of state equity participation into TubanPetro's share capital. This synergy is a strategic step in line with the government's vision to reduce import dependency on petrochemical products.
Furthermore, development steps were taken by making an integrated petrochemical cluster master plan. In the master plan, it is planned to build an aromatic center and an olefin center at TPPI. Currently, the aromatic plant that produces benzene, toluene, and xylene (BTX) is only owned by Indonesia.
Locations
Country footprint
Show as table · Offices in 1 country
| Countries | 1 |
|---|---|
| Primary country | ID |
All codes: ID
Addresses
- IDJl. Jendral Sudirman Kav. 10-11 10220 Jakarta; Mid Plaza 2 Building 21th Floor; Jakarta, 10220Primary
Grid intelligence Members
Signals & hiring
Hiring, headcount and registry-change signals, streamed to members.
Latest signal
Hiring activity
Headcount trend
Financials
Registry-filed capital and financial indicators, standardised by TheGrid.
Paid-up capital
Fiscal period
Registered charges
Revenue
Profit / loss
People & contacts
4 employee profiles on record · names withheld.
Names and titles are intentionally absent from this page. The source relation carries no consent record across the privacy regimes this directory spans, so it is never requested and never stored. Search engines see exactly what you see here.
Names are withheld until a consented source exists.
FAQ
How many people work at PT Tuban Petrochemical Industries?
24 counted staff profiles at January 2026. The brand's self-reported band sits above that count and is not published as a headcount.
Where does PT Tuban Petrochemical Industries have offices?
1 address on record.
Has PT Tuban Petrochemical Industries raised funding?
None linked to this brand.
Which companies are listed alongside PT Tuban Petrochemical Industries?
Eight peer profiles on record: PT Chandra Asri Pacific Tbk and PT Trans-Pacific Petrochemical Indotama.