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Chandra Asri Successfully Completes Rights Issue of IDR15.5 Trillion
Chandra Asri Successfully Completes Rights Issue of IDR15.5 Trillion
15-09-21

Chandra Asri Successfully Completes Rights Issue of IDR15.5 Trillion

On 15 September 2021, PT Chandra Asri Petrochemical Tbk has successfully completed its Pre-Emptive Rights Issue, the Limited Public Offering III which has obtained an effective statement from the Financial Services Authority (Otoritas Jasa Keuangan). All new shares issued was fully subscribed and the Company has successfully raised additional capital of IDR15.5 Trillion or USD1.1 Billion, to close one of the largest rights issue ever done in the Indonesia Stock Exchange to date.

After the rights issue, the Company's total outstanding shares increased by 3,794,366,013 shares (from 17,833,520,260 to 21,627,886,273 shares). The composition of public shares is approximately 8.2%, fulfilling the free-float requirements of the Indonesia Stock Exchange. The standby buyer underpinning the successful transaction was PT TOP Investment Indonesia, a subsidiary of Thai Oil Public Company Limited (Thaioil), the flagship refiner of PTT Public Company Limited (PTT).



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Enclosed Ground Flare, Help Minimize Environmental and Social Impacts

02 Sep 2021
Enclosed Ground Flare, Help Minimize Environmental and Social Impacts
02-09-21

Enclosed Ground Flare, Help Minimize Environmental and Social Impacts

In conducting operational activities, it is not uncommon for several impacts to arise from the ongoing production process. Chandra Asri as a company that prioritizes the health and safety of employees and the surrounding community, continues to make efforts to routinely inspect and maintain assets, identify and monitor risks, and invest in the best technology to minimize environmental and social impacts. One of them is by operating the Enclosed Ground Flare (EGF), a smokeless flare technology at our petrochemical complex in Cilegon, Banten.

As a solution for handling exhaust gases at start up process and if there are problems during operational activities, EGF comes with the ability to burn residual hydrocarbon gases using a closed combustion method so that it does not cause heat and air radiation. Through EGF, the exhaust emissions released also meet environmental quality standards. When starting the EGF construction in 2018, Chandra Asri has chosen the design with the maximum capacity available from all the EGF manufacturing companies worldwide in that year.

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, the advantage of the technology over a conventional flare lies in its ability to reduce noise while eliminating flame and smoke.

Chandra Asri and Sinar Mas Land Collaborates in Implementing Plastic Asphalt

24 Aug 2021
Chandra Asri and Sinar Mas Land Collaborates in Implementing Plastic Asphalt
24-08-21

Chandra Asri and Sinar Mas Land Collaborates in Implementing Plastic Asphalt

Committed to realizing the principle of a circular economy, PT Chandra Asri Petrochemical Tbk together with Sinar Mas Land held plastic asphalt in the West area of BSD City on 24 August 2021. Plastic asphalt with a total paving area of 15,518 m2 has utilized 5.37 tons of plastic waste or equivalent to 3 .58 million pieces of plastic bags as a mixture of asphalt.

Asphalt model with a mixed of plastic waste is a program of the Government of Indonesia through the Ministry of Public Works and Public Housing (PUPR). The type of plastic waste used is plastic waste commonly used as daily shopping bags from HDPE (High Density Polyethylene) type. This asphalt with a mixture of plastic waste has referred to a study conducted by the Ministry of Public Works and Public Housing and has an increase in road durability of up to 40 percent.

Sinar Mas Land and Chandra Asri also collaborated with the Indonesian Plastic Recycling Association (ADUPI) in providing recycled plastic waste materials used in this program. The model used contains plastic (chopped plastic bags/HDPE) to produce an asphalt mixture that is resistant to deformation (changes in shape due to temperature) and is better at fatigue resistance.

Chandra Asri Solar Panel Installation Second Phase

22 Jul 2021
Chandra Asri Solar Panel Installation Second Phase
22-07-21

Chandra Asri Solar Panel Installation Second Phase

PT Chandra Asri Petrochemical Tbk continues to invest in environmentally friendly technologies to gradually transition to renewable energy to address issues in the Environmental, Social, and Governance (ESG) aspects. On 22 July 2021, Chandra Asri and TotalEnergies have completed the construction of the second phase of a solar PV (photovoltaic) rooftop installation as per target for Chandra Asri’s plant in Cilegon, Banten. This facility is built to power 15% of the needs of Chandra Asri’s warehouses, laboratory, and office buildings with green power. The site is one of the largest petrochemical facilities in Indonesia and one of the first long-term solar contracts for Chandra Asri.

The facility has been using solar energy since August 2019, and this second solar installation increases the solar power capacity by more than 50% - significantly increasing cost savings and reducing carbon footprint, with an estimate of 1,080 tons of CO2 emissions avoided annually, comparable to removing 230 cars from the road or planting 18,000 trees annually. With a capacity of 1,153 kWp, this facility will generate around 1,500 Megawatt-hours (MWh) of renewable electricity annually.

Chandra Asri Distributes 210 Tons of Liquid Oxygen to Support COVID-19 Patients

19 Jul 2021
Chandra Asri Distributes 210 Tons of Liquid Oxygen to Support COVID-19 Patients
19-07-21

Chandra Asri Distributes 210 Tons of Liquid Oxygen to Support COVID-19 Patients

As a commitment to contribute to patients and hospitals currently in need of medical treatment, PT Chandra Asri Petrochemical Tbk has provided 210 tons of liquid oxygen for hospitals in DKI Jakarta and Banten. This liquid oxygen aid began to be distributed on 15 July 2021.

In supplying the liquid oxygen, Chandra Asri cooperates with PT Air Liquide Indonesia (ALINDO), a gas supplier company for industry and health. This liquid oxygen will be distributed mainly to Chandra Asri's Corporate Social Responsibility (CSR) reference hospital.

The liquid oxygen aid, which is supported by the Ministry of Industry, is planned to be distributed to several units of Mayapada Hospital in DKI Jakarta and other hospitals in Jakarta and Banten which are members of the Indonesian Regional Hospital Association (ARSADA).

As part of the distribution of this aid, a total of 120 tons of liquid oxygen was handed over to hospitals in Banten on 19 July 2021. This aid will be distributed in stages over two months and has been received directly by the Governor of Banten, Dr. H. Wahidin Halim as Chair of the COVID-19 Handling Task Force in Banten.

Inauguration of the Tangkilsari Bridge in Pandeglang Regency

14 Jun 2021
Inauguration of the Tangkilsari Bridge in Pandeglang Regency
14-06-21

Inauguration of the Tangkilsari Bridge in Pandeglang Regency

Continuing its commitment as a growth partner for the people of Banten Province, on 14 June 2021, PT Chandra Asri Petrochemical Tbk inaugurated the Tangkilsari Bridge in Cimanggu District, Pandeglang Regency. The construction of the third bridge by Chandra Asri took about three months and already completed in 2020 with cooperation between the Company, the Indonesian Village Volunteer Foundation (Yayasan Relawan Kampung Indonesia), the local government, and the local community.

Chandra Asri's concern in the construction of the Tangkilsari Bridge was appreciated by Mrs. H. Irna Narulita S.H, M.M as the Regent of Pandeglang who was also attend the inauguration ceremony. According to her, the Tangkilsari Bridge will provide smooth mobility for the community and will certainly have an impact on social, economic, health and education.