T Chandra Asri to invest US$500 mln in expansion from 2011-14 to meet growing demand

T Chandra Asri Petrochemical plans to invest US$500 million between 2011 and 2014 for expansion to meet growing demands for polyolefin products. US$100 mln will be allocated towards a 100,000 tpa butadiene plant in Cilegon, Banten. The plant is expected to commence operations in Q3-2013. The company has also allocated funds to enhance the capacity of its existing plants through de-bottlenecking processes. US$362.5 mln will be allocated to increase capacity of its existing plants -US$2.5 mln to increase capacity of its polyethylene plant from 320,000 tons to 336,000 tons in 2011, and another US$60 mln to increase the capacity again to 536,000 tons in 2014. US$300 mln outlay is being planned to increase the capacity of its naphtha plant from 600,000 tons to 1 mln tons in 2014. According to the company’s data, Indonesia’s demand for ethylene, polyethylene and polypropylene was 970,000 tons, 800,000 tons and 930,000 tons respectively, while its domestic production, mainly produced by Chandra Asri, totaled 58%, 62% and 46% respectively, while the balance is imported.
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