About Us

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.


Company History

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.

Our Journey


  1. THE BEGINNING

    Mr. Iswan Rustanto, the founder, acquired PT Sumber Dadi (a company that was founded in 1959)

  2. MMI

    Changed company name to PT Madusari Murni Indah (MMI)

  3. MIC

    Acquisition of PT Molindo Industrial Corporation (MIC)

  4. INCINERATOR

    An incinerator was built to process vinasse into fertilizer


    MRIC

    MIC changed its company name to PT Molindo Raya Industrial Co. (MRIC)

  5. 36,000 KILOLITERS

    MRIC’s installed ethanol production capacity reached 36,000 kiloliters


    MIG

    PT Molindo Inti Gas (MIG) was established as producer and trader of high-grade liquid CO2 and dry ice

  6. BIOETHANOL

    MRIC built anhydrous distillation and supplied Pertamina with bioethanol, the first in Indonesia

  7. INTERNATIONAL MARKET

    MRIC penetrated the international market and exported its initial batch of high-quality food grade ethanol

  8. MRI

    MRIC changed its company name to PT Molindo Raya Industrial (MRI)

  9. SKI

    Acquired PT Sumber Kita Indah (SKI), the Group’s distribution arm for its ethanol products

  10. IPO

    MMI listed its shares in the Indonesia Stock Exchange with "MOLI" as ticker symbol


    BEGINNING OF EXPANSION PLAN

    Started construction of Vinasse Boiler, Power Plant and five (5) stage evaporator

  11. SECOND DISTILLATION PLANT

    Started construction of second distillation plant

  12. VINASSE BOILER, POWER PLANT, FIVE (5) STAGE EVAPORATOR

    Commissioning of vinasse boiler, power plant and five (5) stage evaporator unit

  13. SECOND DISTILLATION PLANT

    Commissioning of second distillation plant


    SECOND FERMENTATION PLANT

    Started construction of second fermentation plant