Mandiri Sekuritas helps Molindo IPO

PT Molindo Raya plans initial public offering (IPO) and pick Mandiri Sekuritas to help the corporate action.

Molindo is a fermentation industry producing Ethanol with the set up capacity of 50, 000 Kl / year (330 working days/year) . Current operating capacity is more or less 45, 000 Kl / year.

Molindo produces high quality ethanol and the product for local needs and export markets. Moreover, there are integrated product of 5, 000 tons Potassium fertilizer which can be produced per year with the K2O of 42% w / w. This K2O is the side product of ethanol waste treatment.

In 1995, Molindo Raya in association with Praxair Inc. (USA) has successfully made use of CO2 gas of the fermentation to produce CO2 liquid. In 1999, Molindo Raya has taken all ownership to establish PT. Molindo Inti Gas, the largest ethanol distillery and pioneer in Anhydrous (fuel) grade ethanol in Indonesia.

Established since 1965 in Lawang, sub district of Malang Regency-East Java. Molindo has pioneered the production of Fuel Ethanol since the last 3 years and working closely with government to implement the national biofuel program. Nowadays, Molindo has supplied to Pertamina to blend the ethanol with gasoline.Expansion project: 2 projects.