Over half a century after it started its ethanol business, Molindo Group is now the largest food grade ethanol producer in Indonesia, producing various products under the Molindo ethanol, Molindo liquid CO2 & dry ice, and Molindo fertilizer brands.
Molindo's history began with the acquisition by Mr. Iswan Rustanto
(the founder) of PT Madusari Murni Indah (formerly PT Sumber Dadi) in
1965 with installed production capacity of 20,000 kiloliters of ethanol a year.
In 1995, PT Molindo Inti Gas was established as a producer of food grade CO2 and dry ice.
After more than 50 years, Molindo Group became the largest producer of food grade ethanol in Indonesia with a production capacity of 80,000 kiloliters a year.
Mr. Iswan Rustanto, the founder, acquired PT Sumber Dadi (a company that was founded in 1959)
Changed company name to PT Madusari Murni Indah (MMI)
Acquisition of PT Molindo Industrial Corporation (MIC)
An incinerator was built to process vinasse into fertilizer
MIC changed its company name to PT Molindo Raya Industrial Co. (MRIC)
MRIC’s installed ethanol production capacity reached 36,000 kiloliters
PT Molindo Inti Gas (MIG) was established as producer and trader of high-grade liquid CO2 and dry ice
MRIC built anhydrous distillation and supplied Pertamina with bioethanol, the first in Indonesia
MRIC penetrated the international market and exported its initial batch of high-quality food grade ethanol
MRIC changed its company name to PT Molindo Raya Industrial (MRI)
Acquired PT Sumber Kita Indah (SKI), the Group’s distribution arm for its ethanol products
MMI listed its shares in the Indonesia Stock Exchange with "MOLI" as ticker symbol
Started construction of Vinasse Boiler, Power Plant and five (5) stage evaporator
Started construction of second distillation plant
Commissioning of vinasse boiler, power plant and five (5) stage evaporator unit
Commissioning of second distillation plant
Started construction of second fermentation plant