The Chandra Asri Second Petrochemical Complex Will Start Working End of the Year

By : Ridwan And Aldi Firhand. A | Thursday, January 25 2018 - 20:33 IWST

PT Chandra Asri Petrochemical Tbk (TPIA)
PT Chandra Asri Petrochemical Tbk (TPIA)

INDUSTRY.co.id - Jakarta - PT Chandra Asri Petrochemical Tbk is currently preparing to build a second petrochemical complex this year. Currently, these activities are just entering the feasibility study phase.

"We have prepared the land and master plan, now it is in front and enginering," said VP Corporate Relation of PT Chandra Asri Petrochemical Tbk. Suhat Miyarso to INDUSTRY.co.id at Kadin Head Office, Jakarta, Thursday (25/1/2018).

He added that the construction project of this second petrochemical complex is predicted to take approximately 36 months.

"Planning is more or less takes one year, while for the construction of approximately 36 months," he explained.

Furthermore, he said, to build this second petrochemical complex the company has prepared an investment of US $ 1.9 billion for the first phase.

"However, if the downstream we have made will take a total investment of US $ 5 billion," said Suhat.

He hopes the construction project of this second petrochemical complex will begin in late 2017 or early 2018. "The end of the year or the beginning of the year, I expect to start the project," Suhat concluded.

News Comment

Today's Industry

Application-based transportation provider, Grab Indonesia (Foto Ist)

Jumat, 19 Oktober 2018 - 11:43 WIB

SoftBank Case, Lippo Bribes Question Grab Business amid Blood Money Swirl

Two major cases which have now charged Grab investors, namely SoftBank and Lippo Group, are expected to threaten the online transportion operator's business credibility.

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…