INDONESIA: Chandra Asri uses two subsidiaries as collateral for expansion loans

Chandra Asri's expansions, on which work was started last year, will increase ethylene and propylene capacity to 860,000 t/y from 600,000 t/y and 470,000 t/y from 320,000 t/y, respectively, as well as boost production of pyrolysis gasoline to 400,000 t/y from 280,000 t/y and mixed C4 to 315,000 t/y from 220,000 t/y.

The projects are intended to help the company become more self-sufficient in the supply of feedstock to its polypropylene and butadiene facilities.

SMI has 340,000 t/y of styrene capacity, while PBI operates a 100,000-t/y butadiene plant.

Source: Weekly "PetroChemical News", Durham, NC, USA; 28 July 2014
(Syed Rashid Ali, Karachi, Pakistan)