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Energy

Indonesia signs $15bn deal with U.S. company to turn coal into chemicals

NYSE-listed Air Products to build local industry for higher-value-added products

A coal barge is towed on a river in South Sumatra, Indonesia. (Antara Foto/Nova Wahyudi via Reuters)

JAKARTA -- Indonesia has signed a deal worth $15 billion with an American gas processing and chemical company to develop a coal gasification industry in the country, a government agency said on Friday.

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