Chandra Asri, Pertamina to develop petchem business in Indonesia
Aim of the partnership is to encourage the construction of factories that produce petrochemical import substitutions and expected to develop the petrochemical business in the Indonesia.
PT Chandra Asri Petrochemical Tbk together with PT Kilang Pertamina Internasional, a subsidiary of PT Pertamina (Persero) have signed a agreement for developing the petrochemical business in Indonesia. The agreement between both the companies was signed on 25 August 2020.
The agreement was signed by President Director of KPI, Ignatius Tallulembang and the President Director of Chandra Asri, Erwin Ciputra. This cooperation refers to President Joko Widodo's direction to encourage the construction of factories that produce petrochemical import substitutions and expected to develop the petrochemical business in the country.
Chandra Asri is Indonesia's largest petrochemicals producer and operates a 900,000 t/yr ethylene cracker, a 736,000 t/yr PE unit and a 590,000 t/yr PP plant. It plans to increase its ethylene, PE and PP production by another 1.1mn t/yr, 750,000 t/yr and 450,000 t/yr, respectively, at its second petrochemical complex in Cilegon from 2024 onwards. Its new PE facility in Cilegon will also have a 300,000 t/yr low-density polyethylene plant and 450,000 t/yr HDPE unit.
Pertamina is a major importer of LPG for Indonesia's substantial and expanding domestic market, with use of the fuel expected to reach almost 8mn t this year.
Register Now to Attend AVEVA Industry 4.0 & Digitalization in Chemicals on Wednesday, 13th March 2024, Hotel Hyatt Place, Bharuch, Gujarat