Supporting National Energy Transition, Chandra Asri Group Invests in Biofuel Based on Used Cooking Oil

Chandra Asri Group invested in Biofront's Indonesian used cooking oil ("UCO") collection unit, TUKR (tukr.co.id). TUKR handles the entire process, from used cooking oil collection, storage, processing into green fuel, and final delivery. Biofront itself is one of the world's largest collectors of waste-based feedstock, including used cooking oil, with operations in 8 countries. Used cooking oil collected from food production waste generated by restaurants, hotels, malls and other establishments is sent to bio-refineries to produce eco-friendly fuels, including Sustainable Aviation Fuel (SAF).

This investment is critical to Chandra Asri Group's strategic growth in the green fuel sector, particularly through the production of biofuels and Bio-Nafta and is an important step in advancing Indonesia's goal of achieving Net Zero Emissions (NZE) by 2060, further affirming the Company's commitment to support the national energy transition.