Ashurst advises on US1 billion Indonesian Alumina Refinery
30 July 2021
The project, which is located in Mempawah, West Kalimantan province, has a capacity of 1 million tonnes per annum and uses the Bayer refining process. The total capital expenditure of the project is approximately USD 1 billion (including the main refinery and ancillary power and transportation infrastructure).
Ashurst and OSP advised on the development of the project, including assisting with the drafting of the project agreements and the EPC tender, as well as the financing of the project, which involved various options and parallel negotiations undertaken by BAI and its shareholders.
The Ashurst and OSP team was led by partners Frederic Draps and Alfred Ng, supported by partners Rizaldy Tauhid and Ratih Nawangsari and associates, Norman Ibnuaji, Khairunissa Yuliandhini and Timothy Lim.
