PT Chandra Asri Petrochemical Tbk: Chandra Asri appointed frontline engineering design contractors, marking new milestone in construction of second petrochemical complex


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Press release

For immediate release

Chandra Asri appointed Front End Engineering Design Contractors,

Mark a new stage of the second petrochemical complex

Construction

23 November 2021 – PT Chandra Asri Petrochemical Tbk (Chandra Asri) through its subsidiary PT Chandra Asri Perkasa appointed four contractors, namely Toyo Engineering Corporation, Samsung Engineering Co., Ltd., Wood and PT Haskoning Indonesia to work on the engineering design front-end (FEED) for its second world-class petrochemical complex in Indonesia (CAP2). The appointment was marked today by a virtual signing ceremony of the agreement with the four main international entrepreneurs, which was held in Indonesia, Japan, South Korea and Thailand.

FEED is a key step for the detailed planning of the CAP2 project and will be followed by the selection of Engineering, Procurement and Construction (EPC) contractors. A final investment decision (FID) will be taken by the shareholders once the EPC offer is completed. Chandra Asri aims to take FID in 2022 and CAP2 operations to start from 2026.

Erwin Ciputra, CEO of Chandra Asri, said: “We are delighted to announce that our second petrochemical complex project has entered an exciting new chapter with the selection of four leading international contractors to work on FEED. We will work with our selected contractors to move the CAP2 project forward according to jointly established target timelines. With the start of FEED works, we hope to complete the CAP2 project, building on our results in achieving the integration master plan for our existing complex smoothly and safely. This will strengthen our position as a growth partner for all other industrial sectors as well as for the national economy. “

Haruo Nagamatsu, President and CEO of Toyo Engineering Corporation, said: “We are delighted to hear Chandra Asri declare a new phase of this important project and proud that TOYO has been selected as one of the FEED contractors for the Ethylene Cracker package. For the success of the CAP2 project and its contribution to the growth of the Indonesian petrochemical industry, we are committed to providing the best professional services backed by the many experiences with Chandra Asri. “

Sungan Choi, President and CEO of Samsung Engineering, said: “Chandra Asri offers us an excellent opportunity to become a sustainable partner, by entrusting us with the CAP2 FEED work. Samsung Engineering will ensure that we put our unrivaled efforts to ensure the success of the project, providing our technical capabilities and services, thereby creating value for Chandra Asri and the Indonesian economy. “

Henry Ling, Vice-President Thailand, Wood, said: “This new contract builds on our strong track record in providing robust engineering design on large, complex petrochemical projects, further strengthening our strategic relationship with Chandra Asri. Our team of experts will draw on decades of experience to provide tailored solutions. to the partnership with Chandra Asri on the CAP2 project. ”

Lauren Peeters, Associate Director PT Haskoning Indonesia, said: “We are honored and delighted to continue our support to PT Chandra Asri Perkasa on the CAP2 project. We are fully committed to preparing a technically advanced, sustainable and economical design of the marine facilities to ensure the proper functioning of the new plant throughout its lifetime. In doing so, we would like to emphasize that Royal HaskoningDHV will leverage its world-class knowledge and global expertise in the development of marine terminals.

Earlier in July 2021, Chandra Asri selected Thaioil as a strategic investor to partner with for the development of CAP2, after a robust and comprehensive selection process. In September 2021, Chandra Asri successfully completed its rights issuance process which successfully raised additional equity capital of 15.5 trillion rupees (US $ 1.1 billion). The transaction was one of the largest ever on IDX and provides a solid capital base for the company to continue its CAP2 development plans with a rock solid balance sheet. In October 2021, Chandra Asri announced a memorandum of understanding with Aramco Trading Company to secure the supply of raw materials to CAP2, following Thaioil’s commitment to also supply naphtha and LPG.

The Chandra Asri Second Petrochemical Complex or CAP2 is the company’s effort to meet the challenges and opportunities arising from the growing demand for domestic petrochemicals, while reducing dependence on imports. This new world-class complex will be fully integrated into the existing Chandra Asri plant in Cilegon and will consist of naphtha cracker, butadiene, high density polyethylene (HDPE), polypropylene (PP), aromatics (benzene , toluene and xylenes mixed), as well as low density polyethylene (LDPE) – which will be the first LDPE plant in Indonesia. The CAP2 complex will increase the Company’s total production capacity from 4.2 million tonnes to over 8 million tonnes per year. This is a key stimulus for the

the local downstream petrochemical industry, reduce the import burden and support job creation as well as Indonesia’s Industry 4.0 ambitions.

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About Chandra Asri

Chandra Asri Petrochemical is Indonesia’s largest integrated petrochemical company producing olefins and polyolefins. With a history of over 29 years and over 2,000 dedicated employees, the company integrates advanced technologies and support facilities strategically located in the country’s petrochemical hub, Cilegon and Serang. As a growth partner, Chandra Asri is committed to creating high value-added jobs, expanding the domestic petrochemical value chain and meeting the needs of the dynamic and growing Indonesian market. For more information, visit: www.chandra-asri.com.

Contact:

Suryandi, Director of Corporate Affairs and Human Resources

Phone. : (62-21) 530 7950 | Fax: (62-21) 530 8930

E-mail: [email protected]

Chrysanthi Tarigan, Head of Corporate Communications

Phone. N °: 0818-400-319

E-mail: [email protected]Where [email protected]

About Toyo Engineering Corporation

Toyo Engineering Corporation (TOYO) is a leading engineering company in the world. Since its establishment in 1961, TOYO has expanded its business scope to a wide range of fields from its own chemical fertilizer technology to petrochemicals, including the existing Chandra Asri complex, petroleum refining, the technology of development of oil fields, gas processing, power generation and so on for more than half a century. TOYO has implemented its mission “Engineering for sustainable growth of the global community” and will contribute to the sustainability of the world and society. For more information visit: https://www.toyo-eng.com/jp/en/

Contact: https://www.toyo-eng.com/jp/en/contacts/

About Samsung Engineering Co., Ltd.

At Samsung Engineering, we aim to create value based on the world’s best technology skills and contribute to our customers, society and people. Samsung Engineering, one of the world’s leading EPC & PM companies, has served customers in a variety of industries such as petroleum refining, gas processing, petrochemicals, infrastructure and environment, and bio -industry. Provide professional services throughout the project cycle, ranging from professional feasibility studies to design, procurement, construction, commissioning, maintenance and operation. Samsung Engineering has completed more than 1,000 projects around the world. To prepare for the future of environmentally friendly ESG-based businesses, we have extended our value chain to the operations of green infrastructure, such as water treatment facilities and incinerators, and green solutions activities for energy optimization and carbon neutrality. To respond proactively to changes in the global energy industry and take the lead in addressing global warming, we will provide optimal solutions based on our technologies and expertise. For more information, please visit www.samsungengineering.com

About wood

Wood is a global leader in energy and built environment engineering and consulting, helping to find solutions to some of the world’s most critical challenges. We provide consulting, project and operations solutions in more than 60 countries, employing approximately 40,000 people. www.woodplc.com

For more information contact: [email protected]

About Royal HaskoningDHV

Royal HaskoningDHV is an independent international engineering and project management consulting company with 140 years of experience. Our 6,000 professionals deliver services in the fields of aviation, construction, energy, industry, infrastructure, maritime, mining, transport, urban and rural development and construction. ‘water. Royal HaskoningDHV operates in more than 100 countries and is a world leader in port and maritime transport consultancy services, comprising the planning, design, development, financing, operation and economic and financial studies of terminals, including traffic and market forecasts.

Contact:

Leonid Gavrilchik

Director of Business Development for Southeast Asia and Russia

M +65 901 21 044 E [email protected]

Disclaimer

PT Chandra Asri Petrochemicals Tbk published this content on 23 November 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 23, 2021 06:48:05 AM UTC.

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