PT Chandra Asri Petrochemical Tbk provides 15 units of fiber boats and 28 units of ketinting machines to 43 fishermen in Pangaradan Village, Anyar District, Serang Regency, and Tanjung Leneng, Ciwandan District, Cilegon City on 15 December 2020. The ceremony was held on the coast of Pangaradan by implementing the COVID-19 health protocol as recommended by the local government and was attended directly by the Head of the Banten Police, Banten Military Resort Commander, Banten Commander of the Indonesian Navy Base, the Regent of Serang, and other government officials.
On the same occasion, Chandra Asri also distributed assistance in the form of food packages as a form of company concern during the COVID-19 pandemic as well as the west wind season which limits the opportunities for fishermen to go to sea. The company will also invite fishermen to collect plastic waste from the ocean. Furthermore, the waste that has been collected will be further processed using the pyrolysis method into fuel oil (Plast fuel) which can be used as a substitute for gasoline or diesel which can be used by fishermen to go to sea.
On 9 December 2020, PT Chandra Asri Petrochemical Tbk partnered with KASIKORNBANK (Kbank), one of Thailand’s leading bank and a market-leader for Trade Finance, to extend and expand a 1.6 Billion Thai Baht (US$50 million-equivalent) trade finance and committed unsecured revolving credit facility. This is the first ever offshore facility of this type extended by Kbank to a customer outside of Thailand, in recognition of the strong credit quality of Chandra Asri, and to support Indonesia’s economic and domestic industrial growth amid the challenges of the COVID-19 pandemic.
By obtaining this unsecured and committed Trade Finance and Revolving Credit Facility from Kbank, which further boosts the company’s financial resilience, improves cost competitiveness and flexibility, and maintains Chandra Asri’s strong position to continue serving its customers and the domestic markets.
Continuing its commitment to education, every year PT Chandra Asri Petrochemical Tbk targets the construction of a poor condition PAUD school in the Ring 1 area around the company's operations. In 2020, Chandra Asri and the Happy Hearts Indonesia Foundation began the construction of the PAUD Cahaya Bintang with the groundbreaking ceremony on 8 December 2020. PAUD Cahaya Bintang which is located in Kamurang Pal Village, Grogol Indah, Anyar District, Serang Regency is the 4th PAUD to be built. The groundbreaking ceremonial activity was carried out with a limited number of invitations and enforced the COVID-19 protocol.
The construction of the PAUD Cahaya Bintang is targeted to be completed in early 2021. This activity has received direct appreciation from government officials, as a concrete manifestation of the Company's concern for education development in the Anyar District area.
On 5 October 2020, PT Chandra Asri Petrochemical Tbk and Royal Vopak (Vopak), the world’s leading independent tank storage company, have signed a Letter of Intent (LOI) to set up a joint venture company for collaboration in the industrial infrastructure business in Cilegon, Banten Province, Indonesia.
Chandra Asri and Vopak will explore exciting storage opportunities in supply networks, to help grow existing petrochemical value chains and lay the foundations for an expanded industrial cluster in Cilegon, Banten Province, Indonesia. The finalization of this LOI and the setting up of the joint venture company is subject to final terms and conditions, including customary regulatory and shareholder approvals.
Continuing its commitment to sustainability, PT Chandra Asri Petrochemical Tbk is now ready to operate Enclosed Ground Flare (EGF), a smokeless flare technology at its petrochemical complex in Cilegon, Banten. Reaches a total investment of US$ 14 million, EGF was built to minimize the social and environmental impacts of its plant operations.
Being built since 2018, EGF is capable of burning 220 tons of hydrocarbons per hour using a closed combustion method without causing heat and noise. From an environmental perspective, EGF is designed to carry out the combustion process completely so that no hydrocarbons from combustion are discharged into the air. From a social perspective, EGF is able to reduce noise while eliminating flame and smoke.
On 16 September 2020, PT Chandra Asri Petrochemical Tbk inaugurated the Banten Regional Police extension building which has been built since 2019. The inauguration of the 2,000m2 extension building grant consisting of three floors was carried out virtually from the Banten Regional Police which is connected to the Chandra Asri office. During the COVID-19 pandemic, this event continues to implement the applicable health protocol.
This extension building grant is hoped to increase the morale of the entire Banten Police and its apparatus in carrying out the task of providing the best service to the community.