Chandra Asri collaborates with LX International in Developing Renewable Raw Material Projects

Chandra Asri is collaborating with LX International for a potential investment in developing a Hydrotreated Vegetable Oil (HVO) facility that can produce renewable feedstock in the form of Bio-Naptha. This raw material will be used to develop chemical and plastic products such as Bio-Polyethylene (PE), Bio-Polypropylene (PP), Bio-Polyvinyl Chloride (PVC), and Bio-Solution Styrene Butadiene Rubber (SSBR) as an effort to support Chandra Asri towards sustainable production of polymer raw materials. This collaboration was marked through a Memorandum of Understanding (MoU) by President Director of Chandra Asri, Erwin Ciputra and CEO of LX International, Yoon Chun-Sung, at the office of the Coordinating Ministry for Maritime Affairs and Investment of the Republic of Indonesia. Also witnessing the signing of this collaboration, the Coordinating Minister for Maritime Affairs and Investment of Indonesia, Luhut Binsar Pandjaitan and his staff. The HVO project is one of Chandra Asri's efforts to implement its commitment to sustainable business and operations, which in accordance to the principles of Environmental, Social, and Governance (ESG) as the company’s contribution to climate change mitigation and resource scarcity.