PT Chandra Asri awards EPC contract to Toyo Eng

18-Sep-13

PT Chandra Asri Petrochemical Tbk has signed cooperation contract of Engineering, Procurement, and Construction (EPC) for the construction of production facility of the Company's Naphtha Cracker with Toyo Engineering Corporation. The expansion will increase its Naphtha Cracker production capacity up to 43%. Among them is an increase in the production capacity of Ethylene up to 860,000 tpa from 600,000 tpa, propylene from 150,000 tpa to 470,000 tpa, Py-Gas by 120,000 tons to 400,000 tpa, and Mixed C4 by 95,000 tons to 315,000 tpa. The production capacity expansion ill be conducted by adding furnaces, changing, and modifying major equipment in Company's plant located in Cilegon, Banten. The construction process ofNaphtha Cracker production facility is targeted to commence in Q3-2013 and will be completed and operating in Q4-2015. lnvestment cost for the expansion is estimated at US$380 million, with sources of funding from the combination of loan and equity.