PT Chandra Asri Petrochemical Tbk (Chandra Asri) through its subsidiary PT Chandra Asri Perkasa has selected four contractors-Toyo Engineering Corporation, Samsung Engineering Co Ltd Wood and PT Haskoning Indonesia-to execute the second contract in Indonesia.-The second contract will be carried out in Indonesia. Complex (CAP2) performs front-end engineering design (FEED). Complex (CAP2) performs Front End Engineering Design (FEED). FEED is a key step in the detailed planning of the CAP2 project is the selection of the Engineering, Procurement and Construction (EPC) contractor. 

Once the EPC bids are completed, the shareholders will make the Final Investment Decision (FID). Chandra Asri aims to be operational in 2022 FID year and start operations in 2026 CAP2 year. Erwin Ciputra, President of Chandra Asri "We are pleased to announce that the second petrochemical complex project has entered an exciting new chapter with the selection of four leading international contractors for the FEED work. Working together to progress the CAP2 project in accordance with a mutually agreed target timetable, FEED strengthens our position as a partner as we look forward to successfully completing our existing track record of complex integrated master planning at the start of the work. "This will contribute to the growth of all other industrial sectors and the national economy," said Haruo Nagamatsu, President and CEO of Toyo Engineering Corporation. 

"We are pleased to hear Chandra Asri announce this important project and nursery In this new phase, we are honored to have been selected as one of the engineering vinyl cookie project FEED contractors. We have successfully completed CAP2. the project is also proud to announce Toyo's entry into a new phase. In order to promote the chemical industry, we will do our best to provide the best professional services based on Chandra Asri's vast experience," he said, "Chandra Asri's commissioning of CAP2. FEED work is sustainable for us. "This provides us with a great opportunity to be partners," he said Wood Thai Vice President Henry Ling "Samsung Engineering will do its best to make this happen." Further strengthening our strategic relationship with Chandra Asri, he said, a team of Chandra Asri experts will utilize decades of experience to provide services. 

We will continue to work with Chandra Asri on the CAP2 project. Supporting PT Chandra Asri Perkasa's CAP2 The program is dedicated to preparing advanced, sustainable and economical designs for offshore facilities. The desire to ensure the smooth operation of the new facility throughout its lifecycle emphasizes Royall HaskoningDHV that it will leverage its world-class knowledge. After a rigorous and comprehensive selection process in early July 2021, Chandra Asri 2021 selected Thai Petroleum as a strategic investor to co-develop CAP2 in September 2021. the transaction successfully completed the share placement process, raising additional equity of Rs. providing the Company with a solid capital base to continue its CAP2 development program. Chandra Asri announced the signing of a Memorandum of Understanding (MoU) with Saudi Aramco Trading to secure raw material supplies for CAP2. further strengthening Thai Oil's supply of naphtha and paraffin and committing itself to reducing its dependence on LPG. revenues.

The new world-class complex is fully integrated with the existing plant at Chandraandra Asri Chilgong and consists of a naphtha cracker, butadiene, high-density polyethylene composition (HDPE) and polypropylene (PP). ), aromatics (benzene, toluene, mixed xylenes), and low-density polyethylene (LDPE)-which will be the first LDPE unit in Indonesia. The CAP2 complex will increase the company's total capacity from 4.2 million tons per year to more than 8 million tons per year. It is expected to be a major stimulus for the local downstream petrochemical industry, reducing the import burden, creating jobs and supporting Indonesia's Industry 4.0 ambitions.