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Chandra Asri Provides Fiber Boats and Ketinting Machines for Fishermen Around the Company
Chandra Asri Provides Fiber Boats and Ketinting Machines for Fishermen Around the Company
15-12-20

Chandra Asri Provides Fiber Boats and Ketinting Machines for Fishermen Around the Company

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.



Latest News



Chandra Asri Distributes Medical Equipment to The City Government of Cilegon for Handling COVID-19

10 Sep 2020
Chandra Asri Distributes Medical Equipment to The City Government of Cilegon for Handling COVID-19
10-09-20

Chandra Asri Distributes Medical Equipment to The City Government of Cilegon for Handling COVID-19

As its commitment to support hospitals in providing medical equipment during the COVID-19 pandemic, PT Chandra Asri Petrochemical Tbk donated medical equipment to the Cilegon City Government for handling this pandemic. The distribution of this medical equipment was carried out on 10 September 2020 through the Cilegon COVID-19 Task Force and the Cilegon Regional Disaster Management Agency which was then distributed to the Cilegon City Government and Cilegon Regional Hospital.

The assistance provided by Chandra Asri included 150 pieces of a protective bodysuit, 40 pieces of KN95 mask, 1,260 pieces of a surgical mask, 1,100 packs of a rapid test kit, and 200 pieces of gloves. Chandra Asri also handed over medical equipment such as 50 pieces of a protective bodysuit, 2000 pieces of a surgical mask, 100 packs of a rapid test kit, and 200 pieces of gloves to the Cilegon Police and the Banten Military Resort Commander.

Geared to Meet Domestic Demand, Chandra Asri’s MTBE and B1 Plants Have Commenced Operations

08 Sep 2020
Geared to Meet Domestic Demand, Chandra Asri’s MTBE and B1 Plants Have Commenced Operations
08-09-20

Geared to Meet Domestic Demand, Chandra Asri’s MTBE and B1 Plants Have Commenced Operations

On 8 September 2020, PT Chandra Asri Petrochemical Tbk have commenced operation of its new MTBE (Methyl Tert-butyl Ether) and B1 (Butene 1) plants, first of their kind in Indonesia. The plant operations are in line with the Indonesian Government target to substitute import by 35% until 2022. Capacity of MTBE (Methyl Tert-butyl Ether) plant is 128 KTA, tapping into the octane booster market that is still reliant on import. Meanwhile, capacity of B1 (Butene 1) is 43 KTA, where 33 KTA will be absorbed by Chandra Asri’s own operation while the rest is targeted for domestic market.

Construction of Chandra Asri’s MTBE and B1 plants was done by Toyo Engineering Corporation and PT Inti Karya Persada Tehnik since 2018. Both plants are using Lummus Technology, one of the most advanced petrochemical processing technology in the world.

Chandra Asri Successfully Issues 1 Trillion Rupiah Bond

26 Aug 2020
Chandra Asri Successfully Issues 1 Trillion Rupiah Bond
26-08-20

Chandra Asri Successfully Issues 1 Trillion Rupiah Bond

PT Chandra Asri Petrochemical Tbk, Indonesia’s largest integrated petrochemical company, successfully completed the issuance of a 1 Trillion Rupiah Bond on 26 August 2020. The issuance was 100% fully subscribed. It is the largest IDR bond issuance executed by the Company to date. This transaction marks Chandra Asri’s continued success in tapping the domestic fixed income market, as part of the company’s Shelf Offering Program III approved by the Financial Services Authority (OJK) with a 5 trillion Rupiah funding target over 2020 to 2022.

The bond issuance by Chandra Asri with a rating of idAA- from Pefindo is considered to meet the very strong long-term financial commitment of debt securities, relative to other Indonesian obligors.

The issuance will be used to fund Chandra Asri’s working capital as part of its Integration Master Plan, with its Methyl Tert-butyl Ether (MTBE) and Butene-1 plant growth project expected to come onstream soon in September 2020.

Chandra Asri and Pertamina Develop Petrochemical Business in Indonesia

25 Aug 2020
Chandra Asri and Pertamina Develop Petrochemical Business in Indonesia
25-08-20

Chandra Asri and Pertamina Develop Petrochemical Business in Indonesia

On 25 August 2020, PT Chandra Asri Petrochemical Tbk together with PT Kilang Pertamina Internasional, a subsidiary of PT Pertamina (Persero), signed a Head of Agreement (HoA) as a form of cooperation in developing the petrochemical business in Indonesia.

The HoA signing was carried out by the 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.  

Socialization of Clean and Healthy Behavior to Prevent COVID-19 Transmission

29 Jul 2020
Socialization of Clean and Healthy Behavior to Prevent COVID-19 Transmission
29-07-20

Socialization of Clean and Healthy Behavior to Prevent COVID-19 Transmission

On 29 July 2020, PT Chandra Asri Petrochemical Tbk held a socialization about Clean and Healthy Behavior in an effort to tackle COVID-19 for community of Kampung Cilodan, Gunung Sugih Sub-District, Ciwandan District. This socialization aims to increase the awareness and understanding of citizens regarding the steps that can be taken to prevent the chain of transmission of COVID-19 in the community.

Activities carried out by applying the COVID-19 protocol, including mandatory use of masks for the participants, arrangement seats with distance, as well as checking the temperature and use of hand sanitizers before entering the place. In addition to the socialization activities, spraying disinfectant was also carried out in the area of the Kampung Cilodan area, both at public facilities, as well as in the houses of community.