Madusari Murni Indah

Madusari Murni Indah (MMI) is an Indonesian chemical company and the publicly listed holding entity of the Molindo Group, a family-founded industrial group based in Lawang, East Java. The group's origins trace to 1965, when founder Iswan Rustanto acquired PT Sumber Dadi (a company originally established in 1959), which was later renamed PT Madusari Murni Indah. From that base the group built a business around the manufacture of ethanol and carbon dioxide, and today it describes itself as the largest producer of food-grade ethanol in Indonesia, with an installed food-grade ethanol capacity of 80,000 kiloliters per year. The Molindo Group is structured around PT Madusari Murni Indah Tbk as the listed holding company, with operating subsidiaries handling the core businesses. PT Molindo Raya Industrial is the high-quality ethanol producer and also makes derivative products such as fertilizer, carbon dioxide (CO2) and dry ice. PT Molindo Inti Gas was established in 1995 as a producer of food-grade CO2 and dry ice. PT Sumber Kita Indah handles distribution and trading of ethanol and other products. The group markets its output under the Molindo brand, including Molindo ethanol, Molindo liquid CO2 and Molindo fertilizer. Headquartered in Lawang, East Java, the company describes itself as one of Indonesia's first chemical companies. It reports a workforce of more than 600 people spread across three Indonesian provinces, and its founding family remains the majority shareholder. The group became a public company in 2018, when PT Madusari Murni Indah Tbk listed its shares on the Indonesia Stock Exchange, giving the business access to public capital markets while keeping the founding family in control. Madusari Murni Indah's product portfolio is centered on basic and specialty chemicals derived from its ethanol and CO2 operations. Food-grade ethanol is the flagship product and the basis of the group's claim to market leadership in Indonesia. Liquid CO2 and dry ice serve food, beverage and industrial cooling applications, while fertilizer is produced as a by-product of processing vinasse, the residue from ethanol production. Through its trading arm the group also distributes ethanol and related products. As a listed Indonesian chemical producer, MMI occupies a position in the country's basic chemicals and industrial materials supply chain, serving domestic food, beverage, pharmaceutical, and industrial customers. Its long operating history, vertically integrated ethanol-to-CO2-and-fertilizer model, and family-controlled ownership distinguish it within Indonesia's chemical sector.

The history of Madusari Murni Indah begins with PT Sumber Dadi, a company established in 1959. In 1965, Iswan Rustanto, the founder, acquired PT Sumber Dadi, which at the time had an installed production capacity of 20,000 kiloliters of ethanol per year. The acquired company was later renamed PT Madusari Murni Indah (MMI), and this acquisition is treated by the group as the starting point of its ethanol business. Through the following decades the group expanded its industrial footprint. In 1972 the company was renamed PT Madusari Murni Indah. In 1979 it acquired PT Molindo Industrial Corporation (MIC). In 1994 an incinerator was built to process vinasse — the residue from ethanol production — into fertilizer, adding a fertilizer line to the group's output. In 1995, PT Molindo Inti Gas was established as a producer of food-grade CO2 and dry ice, extending the group into carbon dioxide products. In 2004, MIC changed its name to PT Molindo Raya Industrial Co. (MRIC), which became the group's high-quality ethanol producer. By this period the group's ethanol production capacity had reached 36,000 kiloliters. Over more than five decades the group grew into what it describes as Indonesia's largest producer of food-grade ethanol, with production capacity reaching 80,000 kiloliters per year. The group's corporate timeline lists further milestones in 2009, 2016, 2017, 2018, 2019, 2020, 2021, 2023, 2024 and 2025, reflecting continued development of the business. A defining moment came in 2018, when PT Madusari Murni Indah Tbk became a public company, listing its shares on the Indonesia Stock Exchange. The listed entity serves as the holding company of the Molindo Group, with two strategic subsidiaries: PT Molindo Raya Industrial, the ethanol producer that also makes derivative products such as fertilizer, carbon dioxide and dry ice; and PT Sumber Kita Indah, which handles distribution and trading of ethanol and other products. PT Molindo Inti Gas operates as the CO2 and dry ice producer within the group. Headquartered in Lawang, East Java, the group describes itself as one of Indonesia's first chemical companies. It reports more than 600 employees across three Indonesian provinces, and the founding family remains the majority shareholder of the business. The group markets its products under the Molindo brand, including Molindo ethanol, Molindo liquid CO2 and Molindo fertilizer.

• 2018

  PT Madusari Murni Indah Tbk becomes a public company, listing its shares on the Indonesia Stock Exchange.

• 2004

  MIC is renamed PT Molindo Raya Industrial Co. (MRIC); ethanol production capacity reaches 36,000 kiloliters.

• 1995

  PT Molindo Inti Gas is established as a producer of food-grade CO2 and dry ice.

• 1994

  An incinerator is built to process vinasse into fertilizer.

• 1979

  The group acquires PT Molindo Industrial Corporation (MIC).

• 1972

  The company is renamed PT Madusari Murni Indah (MMI).

• 1965

  Founder Iswan Rustanto acquires PT Sumber Dadi, which has an installed ethanol capacity of 20,000 kiloliters per year; this marks the start of the group's ethanol business.

• 1959

  PT Sumber Dadi, the predecessor company, is established.

Indonesia's largest producer of food-grade ethanol, operating as a family-founded, publicly listed chemical group under the Molindo brand.

• Food-grade ethanol

  The group's flagship product, produced with an installed capacity of 80,000 kiloliters per year, marketed under the Molindo brand.

• Liquid CO2

  Food-grade carbon dioxide produced by PT Molindo Inti Gas and marketed as Molindo liquid CO2.

• Dry ice

  Dry ice produced alongside food-grade CO2 by the group's gas subsidiary.

• Fertilizer

  Fertilizer produced by processing vinasse, a residue of ethanol production, and marketed as Molindo fertilizer.

1. 1Molindo official website homepagemolindo.co.id
2. 2Sejarah | Molindomolindo.co.id
3. 3Video Perusahaan | Molindomolindo.co.id
4. 4Madusari Murni Indah - Wikidatawikidata.org
5. 5404 Page Not Foundmolindo.co.id