Producer
PT Pupuk Indonesia (Persero)
Indonesia's state-owned fertilizer holding company with 5 operating subsidiaries (Pupuk Kaltim, Pupuk Sriwidjaja, Pupuk Kujang, Pupuk Iskandar Muda, Petrokimia Gresik). Combined urea capacity ~8.5 million tonnes/year, making Pupuk Indonesia the world's largest state-owned urea producer and controlling ~5.7% of the global urea market.
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Urea Production (5 subsidiaries)
65%Ammonia
20%Other Fertilizers & Chemicals
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Capacity2024
Pupuk Indonesia announced in 2024 a 10-year, $6B expansion plan centered on three new urea/ammonia complexes: Pupuk Kaltim-6 (Bontang), Pupuk Iskandar Muda-3 (Aceh), and a new East Indonesia complex in Papua — all powered by domestic natural gas under state-subsidized feedstock contracts. The expansion targets Indonesia becoming a net urea exporter of 4+ million tonnes/year by 2030, directly competing with Qatari, Russian, and Omani supply to Indian and African markets.
Pupuk Indonesia ↗Origin2023
PT Pupuk Indonesia traces to the 1970s when Pertamina, Indonesia's state oil company, established fertilizer plants to monetize associated gas from oil fields that was being flared in Sumatra and Kalimantan. The first plant, Pupuk Sriwidjaja (Pusri) in Palembang, South Sumatra opened in 1963 -- one of Southeast Asia's first large-scale fertilizer plants. As Indonesia's oil and gas industry grew, more fertilizer plants were built, eventually forming a portfolio of five subsidiaries consolidated under Pupuk Indonesia holding in 2012. Indonesia is the world's fourth-largest rice producer and has historically subsidized urea fertilizer for farmers to maintain food self-sufficiency -- rice yields are highly sensitive to nitrogen fertilization. Pupuk Indonesia produces approximately 2% of global urea and serves primarily the Indonesian domestic market at subsidized prices, with export capacity available when global prices are high enough to exceed the subsidy floor. An Indonesian state company using gas from Pertamina oil fields provides the nitrogen that grows approximately 40 million tonnes of Indonesian rice annually.
PT Pupuk Indonesia (Persero) ↗