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%. Construction plan of the Company’s Naphtha Cracker production facility will increase the production of Company’s various petrochemical products. Among them is an increase in the production capacity of Ethylene up to 860,000 tpa from 600,000 tpa. Annual production capacity of Propylene will also increase by 150,000 tons to 470,000 tons, Py-Gas by 120,000 tons to 400,000 tons, and Mixed C4 by 95,000 tons to 315,000 tons.
Expansion in production capacity will be conducted by adding furnaces, changing, and modifying major equipment in Company’s plant located in Cilegon, Banten. The construction process of Naphtha Cracker production facility is targeted to commence in Q3-2013 and will be completed and operating in Q4-2015. Investment cost for the expansion is estimated at US$380 million, with sources of funding from the combination of loan and equity. Therefore, the Company is currently finalizing various sources of funding which are cost effective and efficient.
23-Sep-13 
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