Westpoint Maritime Industrial Park (WMIP) Supports Oil and Gas Investment in FTZ Batam

BATAM – PT Batam Sentralindo (PT BS) as the developer of Westpoint Maritime Industrial Park (WMIP) supports the initiatives of the Indonesian government and Riau Island provincial government (Kepri) to make Batam as an investment destination for oil and gas related industries. PT BS also welcomes investors looking for opportunities to invest in Batam.

“We have developed WMIP industrial estate with its strategic and geographic advantages in Batam. Some 75 hectares in WMIP have already been leased by Sinopec Group for the development of oil storage terminal with capacity of 2,6 million m³, explained Paulus Khierawan, Senior Manager at PT. Batam Sentralindo in Batam, June 14, 2020.

Paulus explained, the location of WMIP industrial estate is approximately 4,8 km from the Strait of Malacca with sea depth of 23 – 25 metres. Due to its competitive advantages, WMIP can accommodate 300,000-DWT VLCC – Very Large Crude Carrier. In line with the company’s Industrial Estate Business License (IUKI), the integrated industrial park can be developed up to 320 hectares.

There are 245 hectares of land area currently in preparation at WMIP which are suitable for the development of oil refinery and its downstream integration such as petrochemicals, and even methanol plants which utilize natural gas as feedstock from the nearby Natuna Islands. As developer, we welcome oil and gas investors to Batam which also has its incentives with its Free Trade and Free Port Zone (FTZ) status,” Paulus explained.

As one of the leading industrial estates in Batam, WMIP participates in the accelerated construction program or Construction Direct Investment Area (KLIK) with the Indonesia Investment Coordinating Board (BKPM).

Welcome to Investors

The well-received initiative of KLIK program by BKPM is supported by WMIP’s standards of infrastructure and facilities excellence. KLIK’s key incentive is to welcome investors to proceed with direct physical construction while simultaneously proceeding with the licensing processes through the assistance of the industrial estate management.

“As developer of WMIP, we always strive to be compliant and consistently adhere to the provisions and applicable laws and regulations. The administrative discipline that we abide is part of our commitment to provide a conducive investment environment for investors looking to invest in WMIP,” Paulus concluded.