Chandra Asri 2nd complex milestone

PT Chandra Asri Petrochemical Tbk (CAP), through its wholly owned subsidiary, PT Chandra Asri Perkasa (CAP2), has achieved its milestone of technology selection for its second petrochemical complex to be built in Indonesia. CAP2 has awarded six license and engineering design agreements to world-class licensors including CB&l’s Lummus Technology for a Naphtha Cracker and Butadiene plant; GTC Technology for an aromatics (benzene, toluene and xylenes) recovery plant; Texplore for a High Density Polyethylene (HDPE) plant; and Lyondellbasell, for Low Density Polyethylene (LDPE) and Polypropylene (PP) plants.

“As part of our growth strategy to meet the country’s growing petrochemical demand, Chandra Asri Perkasa was established in April 2017 to undertake a feasibility study of a second petrochemical complex which is estimated to have a total investment of around US$ 4-5 billion. The award of these technology licenses is a significant milestone reinforcing our plan to expand our petrochemical footprint. We are confident that the selected technologies will ensure robust productivity and efficiency for the new complex,” said Erwin Ciputra, President Director of CAP.

The second complex is expected to comprise 1.1 MMTA Ethylene, 600 KTA Propylene, 175 KTA Butadiene, 363 KTA Benzene, 450 KTA HDPE, 300 KTA LDPE and 450 KTA PP for a full year of operations. CAP2 will complete basic engineering design by the end of 2018 and expects the final investment decision to be made in early 2020 while the commercial operation is planned to start in early 2024.

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