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Chandra Asri awards licenses for 2nd petrochemical complex
May '18
Courtesy: PT Chandra Asri
Courtesy: PT Chandra Asri
PT Chandra Asri Petrochemical Tbk, through its wholly owned subsidiary, PT Chandra Asri Perkasa (CAP2), has awarded six license and engineering design agreements to world-class licensors regarding technology for its second petrochemical complex to be built in Indonesia. The award of these licenses reinforces CAP’s plan to expand its petrochemical footprint.

CAP2 appointed CB&I’s Lummus Technology for naphtha cracker and butadiene plant; GTC Technology for aromatics (benzene, toluene and xylenes) recovery plant; Texplore for high density polyethylene (HDPE) plant; and Lyondellbasell, for low density polyethylene (LDPE) and polypropylene (PP) plants.

“CAP is confident that the selected technologies will ensure robust productivity and efficiency for the new complex,” Chandra Asri said on its website.

CAP2 was established in April 2017 to undertake Feasibility Study of a second petrochemical complex which is estimated to have total investment around $4-5 billion. The second complex is expected to comprise 1.1 MMTA ethylene, 600 KTA propylene, 175 KTA butadiene, 363 KTA benzene, 450 KTA HDPE, 300 KTA LDPE and 450 KTA PP for full year of operations.

Once the second complex is fully operational, CAP will be able to better serve Indonesia’s domestic demand and ease import burden while also contributing to Indonesia’s economic growth, the company said. (RKS)

Fibre2Fashion News Desk – India

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