CAP Awarded TOYO for Construction of a new 400KTA Polyethylene Plant

On 31 August 2017, PT Chandra Asri Petrochemical Tbk has signed an EPC contract (engineering, procurement, and construction) with Toyo Engineering Group (TOYO) for the construction of a new Polyethylene (PE) plant facility which will be located in the Company's integrated Naphtha Cracker complex in Cilegon, Banten. This agreement was signed by Mr. Erwin Ciputra (President Director) and Mr. Kulachet Dharachandra (Vice President Director) on behalf the Company while TOYO-IKPT was represented by Mr. Tomohisa Abe (Director of Toyo Engineering Corporation Japan), Mr. Toru Osanai (President & CEO Toyo Engineering Korea Ltd), and Mr. Eiji Hosoi (President Director of IKPT). Prior to this award in September 2016, CAP has also signed a license agreement with Univation Technologies, LLC to use UNIPOLTM PE Process as the process technology for this new 400KTA PE plant. This plant, which is targeted to operate in 2020, will increase PE total production capacity from 336KTA to 736KTA.