01/15/2014

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INDONESIA: Chandra Asri secures USD265-million loan to fund naphtha cracker increase

Chandra Asri said the expansion, on which work has started this quarter, will increase ethylene capacity to 860,000 t/y from 600,000 t/y. It will also boost propylene capacity to 470,000 t/y from 320,000 t/y, pyrolysis gasoline to 400,000 t/y from 280,000 t/y and mixed C4 capacity to 315,000 t/y from 220,000 t/y. Commercial production is expected at the end of 2015.

The loan agreement was signed with Bangkok Bank, the Siam Commercial Bank, Indonesia Eximbank, DBS Bank and Deutsche Bank.

Source: Weekly "PetroChemical News", Durham, NC, USA; 16 Dec 2013(Syed Rashid Ali, Karachi, Pakistan)

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