Chandra Asri supports the Ministry of Environment and Forestry (KLHK) initiative to hold Indonesia Coastal Clean Up at Berok Beach, Anyar, on Saturday, June 10 2023. Together with the Provincial Government of Banten, the Serang Regency Government, and the Bank Sampah Digital, the Coastal Clean Up agenda is carried out simultaneously following the main event held by the Ministry of Environment and Forestry in Balikpapan. This event is part of World Environment Day commemorations celebrated every June 5.
The clean-up action, which carried out in Banten Province and attended by more than 250 participants, prevented 790.75 kg of waste from leaking into the sea. In addition to the beach clean-up action, Chandra Asri also participated in planting ketapang laut (Terminalia trees) on the coast to minimize carbon and anticipate climate change. Chandra Asri also handed over 10 trash cans to the Berok beach community to support a clean and beautiful environment.
Chandra Asri is again carrying out the second Community Awareness activities in 2023 with the theme "Building Public Awareness and Participation on the Existence and Public Safety of Industrial Gas Pipelines". This activity, which is carried out regularly by Chandra Asri, aims to provide insight of the Company's gas pipelines existence in residential areas. The socialization also appealed to the public regarding activities that need to be avoided around the pipeline. In this activity, the public was also educated regarding the production flow and risk of emission hazards as well as efforts to monitor environmental quality carried out by Chandra Asri as part of the Company's social and environmental responsibility efforts.
A speech from Chandra Asri's Corporate Social Responsibility (CSR) department representative, Wawan Mulyana, started the Community Awareness activity. The event continued with opening remarks from Ms. Aliyah, Kotasari's Village Head, followed by a presentation on disaster preparedness in Cilegon by the Cilegon City Regional Disaster Management Agency (BPBD) representative, Mr. M. Rois. Furthermore, Chandra Asri's Safety, Health, and Environment (SHE) department representative, Mr. Eko Arif Wijanarko, delivered a socialization regarding risks and hazard mitigation of gas pipelines.
Chandra Asri through its subsidiary, PT Chandra Asri Alkali (CAA), has signed a License, Basic Engineering and Technical Services Agreement with a leading vinyl technology licensor from United States of America, to develop ethylene dichloride (EDC) plant following the Company’s business plan to build a world-scale integrated chlor-alkali and EDC plant (CA-EDC plant). The CA-EDC plant, which will be operated by CAP2's subsidiary, CAA, will produce 500,000 metric tons per annum of ethylene dichloride (EDC) and more than 400,000 metric tons per annum of caustic soda.
As a growth partner, Chandra Asri strives to support construction and infrastructure sectors at the regional level by providing high quality polymer raw materials for polyvinyl chloride. With the development of the EDC plant, Chandra Asri also wishes to support Indonesia’s ambition to become the largest petrochemical producer in ASEAN as well as a strategic partner for the downstream sector. This CA-EDC plant owned by CAA will be built in Cilegon.
Chandra Asri, NIPPON SHOKUBAI CO., LTD. (NSCL), and PT NIPPON SHOKUBAI INDONESIA (NSI) have signed a Memorandum of Understanding (MoU) to jointly explore green chemical business opportunities. Through this MoU, Chandra Asri and NSCL as well as its affiliates, NSI (hereinafter referred to as “NIPPON SHOKUBAI Group”), will explore the potential to produce 'bio' materials such as bio-naphtha, bio-olefins, and various products that use renewable energy, to produce sustainable derivative products such as acrylic acid (AA), acrylic ester (AES), and superabsorbent polymer (SAP).
Chandra Asri is excited to partnered with NIPPON SHOKUBAI Group in initiating this challenging collaboration. This collaboration marks another step in Chandra Asri’s journey to meet domestic market's need for more environmentally friendly bio-chemical derivative products, such as green plastic, which is believed has a lower emissions and can support Indonesia’s Long-Term Strategy for Low Carbon and Climate Resilience 2050 (Indonesia Vision 2050 LTS-LCCR).
Chandra Asri received an award from the Ministry of Health for Company's contribution in handling Covid-19 in Indonesia. As a growth partner, Chandra Asri has been actively working to control Covid-19 transmission by implementing recommendations and regulations within the Company. In 2022, 100% percent of the Company's employees have received the full dose of Covid-19 vaccination. Related to this, the Company also makes the completeness of vaccination doses a regulation for new employee acceptance.
Until now, health protocols are still enforced in plant areas for employees, contractors, vendors, and guests with access to the Company's area. The Company also ensures that all employees continue implementing 5M (hygiene protocols) in operational activities to minimize the spread of Covid-19. Until the end of December 2022, Chandra Asri had distributed 1,540 basic food packages to Covid-19 pandemic affected communities.
On Monday, 22 May 2023, as a result of the Company's compliance with the Regulations of the Minister of Trade (Permendag), Chandra Asri was awarded the "Compulsory Calibration Award with the Highest Compliance in the Implementation of Calibration/Recalibration of UTTP Equipment in the Cilegon City Region in 2023" (Wajib Tera Award 2023). This award was handed over directly by the Mayor of Cilegon, Helldy Agustian. The award ceremony was in conjunction with the National Awakening Day Commemoration Ceremony and World Metrology Day.
This award appreciates Company's achievements in carrying out calibration/recalibration by calibrating its measuring equipment (Ukur, Takar, timbang, dan Perlengakapannya/UTTP) at the specified time. Previously, the Cilegon City Government had also conducted observations and assessments of the compliance of the mandatory tera markers in the Cilegon City area from 2022 to May 2023.
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On Wednesday, 17 May 2023, Chandra Asri held the Annual General Meeting of Shareholders (AGMS) 2020 in Jakarta. In the agenda of this annual Meeting, there are 6 (six) agenda items discussed, including regarding the distribution of dividends and changes to the composition of the Company's management.
Even though 2022 was challenging for the petrochemical industry due to global geopolitical dynamics, Chandra Asri could still maintain a solid performance with a strong liquidity pool position. The Company posted a US$2,385 million Net Income, a slight decrease of 7.6% from last year. The Company achieved a cash breakeven with positive Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) of US$5.3 million, a much stronger performance than similar companies in the same industry
PT Pemeringkat Efek Indonesia (PEFINDO) has affirmed its “idAA-“ ratings for PT Chandra Asri Petrochemical Tbk (TPIA / Chandra Asri) and its outstanding bonds. The outlook for the corporate rating is affirmed to be Stable. The rating reflects PEFINDO’s view of Chandra Asri’s leading position in the domestic petrochemical industry.
Chandra Asri will continue to maintain financial prudence and capital discipline, prioritize higher return, lower risk and faster payback investments in areas where Company possesses sustainable competitive advantage, in tune with the recent announcements of our Memorandum of Understanding (MoU) signing with Indonesia Investment Authority (INA), to jointly develop a world-scale chlor-alkali plant in Indonesia which as well part of CAP2 expansion plans.
Chandra Asri became one of the locations for Industrial Visits from the Commissariat Region III Association of Indonesian City Governments (APEKSI) in the RAKORKOMWIL III event (Coordinating Meeting of the Region III Commissariats) in Cilegon City, Banten. This visit was carried out by 25 mayors from Banten, DKI Jakarta, West Java, Central Java, and DI Yogyakarta. The event was attended by the Chairman of APEKSI and Mayor of Bogor, Dr. H. Bima Arya Sugiarto, Mr. H. Dedi Yon Supriyono, SE, MM, as Chairman of KOMWIL III APEKSI as well as Mayor of Tegal, and Mr. H. Helldy Agustian, S.E., S.H., M.H as Mayor of Cilegon.
During this industrial visit, Chandra Asri showcased its sustainable initiatives, including circular economy and shared-values related programs, especially regarding integrated waste management and plastic asphalt initiaitives. Chandra Asri hopes that APEKSI's visit can provide useful information for participants in urban waste management under APEKSI Region III Commissariat.
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Welcoming Eid Al-Fitr 1444H, the City Government of Cilegon sent off the homecoming participants Program "Mudik Gratis Penuh Berkah 2023" at the Cilegon City Government Office. This program is an initiative of the City Government in collaboration with industries in the Cilegon City area, including Chandra Asri. As a growth partner for the community and the government, Chandra Asri participates in this program by providing three bus fleets and departing approximately 160 people to Semarang, Kuningan, and Solo.
A total of 25 bus fleets originating from industry support in Cilegon departed on April 18, 2023. These buses depart approximately 1,200 people to 17 destinations covering four provinces on the islands of Java and Sumatra. Chandra Asri hopes that those who participate in this Homecoming Program will arrive in their hometowns safely so they can gather to celebrate happiness with their families and relatives.
On Thursday, April 13, 2023, Chandra Asri distributed 6 liters of plastic fuel, consisting of 2 liters of plastic gasoline and 4 liters of plastic kerosene, to fishermen and home-based businesses residing at the coast of Pangaradan Beach, Anyar Village, Serang Regency, Banten. This plastic fuel is generated from Chandra Asri's integrated waste management initiative (end-to-end plastic waste management) based on a circular economy principle, SAGARA and IPST ASARI (Industri Pengelolaan Sampah Terpadu, Atasi Sampah – Kelola Mandiri).
These six liters of plastic fuel distributed by Chandra Asri are equivalent to converting 8 kilograms of low-value plastic waste from landfills. Previously, Chandra Asri had also distributed 1,079 liters of plastic fuel (equivalent to 1,402.7 kilograms of low-value plastic waste) to the people involved in the SAGARA program. The beneficiaries of this SAGARA program include 17 fishermen and 10 MSMEs in Anyar.
Chandra Asri and the Indonesia Investment Authority (INA) have signed a Memorandum of Understanding to work together to develop a world-scale chlor-alkali plant in Indonesia, PT Chandra Asri Alkali (CAA) on Thursday, April 13, 2023. The CAA plant, a wholly owned subsidiary of Chandra Asri, will also accept investment from other potential international investors.
As part of the accelerated development of this plant, Chandra Asri has signed a basic engineering and licensing agreement with Asahi Kasei Corporation (AKC) from Japan, a leading world-class licensor with state-of-the-art intellectual property for the construction of CAA plan. The establishment of this world-class chlor-alkali company is expected to accelerate the growth of the national downstream industry, support Indonesia's ambition to become one of the world's largest nickel producers, as well as position itself in the global electric vehicle value chain.
Commemorate the holy month of Ramadhan 1444 H, Chandra Asri, together with the Government of Cilegon, worked together to hand over Zakat, Infaq, and Shodaqoh (ZIS), for ten sub-districts in the Cilegon City area. The symbolic handover of ZIS was carried out by Edi Rivai as the Legal and External Affairs Director of Chandra Asri and accompanied by Mr. H. Helldy Agustian, S.E, S.H, M.H as the Mayor of Cilegon. This ZIS was received directly by 10 Lurah in the Cilegon City area.
This year, Chandra Asri handed over 5,500 Kg of rice and 665 boxes of instant noodles to 2,200 beneficiaries. This routine of giving ZIS aligns with Chandra Asri's commitment as a Growth Partner who wants to take part in improving the welfare of the people around the Company's area.
To realize the 6th Sustainable Development Goals (SDGs), namely, ensure availability and sustainable management of water and sanitation for all, PT Chandra Asri Petrochemical Tbk (Chandra Asri) collaborates with the TNI to eradicate the practice of Open Defecation through Healthy-Environmentally Friendly Water Closet Program. Together with the TNI, the Company built water closets for 18 families, one mosque in the Sambironyok neighborhood, Kepuh sub-district, and two families in the Gunung Sugih sub-district.
These water closets were built using a bio-septic tank (Biotank), which is more environmentally friendly because the output water is odorless, non-toxic, and does not pollute the environment. This Biotank water closet is a collaboration between Chandra Asri and a customer, PT Profilia Indotech, where the water closet utilized Chandra Asri's material, PE UR3840V. In the future, Chandra Asri will continue its four pillars of CSR commitment: Education, Health, Economy, and Social-Environment.
In the Best Taxpayer Award 2022 agenda, Chandra Asri received appreciation from Large Tax Office (LTO) Two (or KPP Wajib Pajak Besar Dua) due to its contribution in implementing the highest compliance towards tax obligations. The awarding procession was carried out by Mokhamad Khifni, Head of the Large Tax Office (LTO) Two, Suryandi, Director of Human Resources & Corporate Affairs Chandra Asri and Junus Danuatmodjo, Tax Section Manager Chandra Asri. The event was held at Large Tax Office (LTO) Two in Jakarta.
The 2022 Best Taxpayer Award received by Chandra Asri is concrete proof of the Company's commitment to ESG (Environmental, Social and Governance), especially in the governance aspect, in which Chandra Asri actively complies with the provisions required by the Government. Chandra Asri, in this case, also takes the initiative to continuously contribute to Indonesia, not only through its products but also with its business compliance in supporting Indonesia's economic growth.
Chandra Asri is again working with the Happy Hearts Indonesia Foundation (HHI). This time, the Company is collaborating to build a building for Tunas Bangsa Early Childhood Education and Development (ECED), located on Jalan Sunan Bonang Link., Karang Jetak, Banjar Negara Village, Ciwandan District, Cilegon City. A symbolic inauguration to commemorate the operation of the new building was held on Thursday, March 2 2023, by Legal, External Affairs and Circular Economy Director Chandra Asri, Edi Rivai, Ciwandan Sub-District Head Mr Agus Ariyadi, and Mrs Vania Eriza as Head of PAUD and PNF City Education Office Cilegon.
Previously, Chandra Asri had built two ECED in the Cilegon City area and three in the Serang Regency area. In this regard, Chandra Asri is always committed to continuing efforts to improve the quality of education by restoring and rebuilding school buildings that are not viable, especially those located in the Company's Ring 1 and Ring 2 areas. The construction of EDEC Tunas Bangsa also applies the circular economy concept, whereas 63m2 of the school yard area and play area use paving blocks made from a mixture of chopped single-use plastic waste.
Chandra Asri has partnered with communities for four years through the Literacy Corner program to improve student literacy facilities. This program is part of the Company's Corporate Shared Value (CSV) Program, which is part of education pillar. Starting in 2019, the Literacy Corner aims to increase interest in reading for school-age children. A total of 3,562 books have been distributed to 39 schools and agencies around the Company during the 2019-2022 period; this number is equivalent to 8.7% of schools in Ciwandan District, 11.6% of schools in Anyer District, and 22% of schools in Pulo Ampel District. As a result of the implementation of this program, approximately 7,000 people have become beneficiaries.
Until now, the Company continues to strive to support surrounding schools by adding a collection of reading books following the National Library Standards (SNP) references and also the needs of schools. The Literacy Corner program also donated bookshelves made of wood pallet waste, collaborating with local wood craftsmen. This program is hoped to be beneficial for readers in meeting information needs and contributes to improving the local MSME economy.
The subsidiary of PT Krakatau Steel (Persero) Tbk, namely PT Krakatau Sarana Infrastruktur ("PT KSI"), has officially closed the transaction on the Conditional Shares and Purchase Agreement ("CSPA") or Conditional Share Sale and Purchase Agreement with PT Chandra Asri Petrochemical Tbk ("Chandra Asri ") through its affiliates on Monday, 27 February 2023. This procession was carried out by signing by Plt. President Director of PT KSI Anton Firdaus and President Director of Chandra Asri Erwin Ciputra witnessed by the President Director of PT Krakatau Steel (Persero) Tbk, Purwono Widodo.
After the CSPA points have been fulfilled, the share purchase process proceeds to the Share Purchase Deed signing. The signing was agreed on the transferring 70% of PT KSI's shares in PT Krakatau Daya Listrik ("PT KDL") and 49% of PT KSI's shares in PT Krakatau Tirta Industri ("PT KTI") to Chandra Asri. Therefore Chandra Asri is now officially the shareholder of two subsidiaries of PT KSI.
With this collaboration, the synergy between PT KSI and Chandra Asri is hoped to increase the water and energy supply capacity for industrial needs in Cilegon and the surrounding community. This corporate action is also carried out to optimize utilities as support for the operational, technical and financial processes, especially for the future development of Chandra Asri's second global-scaled petrochemical complex (CAP2).
Commemorate National Waste Awareness Day (HPSN), Chandra Asri collaborated with the Indonesian Plastic Recycling Association (ADUPI) and the Public Works and Spatial Planning Office (PUPR) of Garut Regency to hold a discussion on the Utilization of Low-Value Plastic Waste for Sustainable Infrastructure. The topic discussed aligns with the circular economy initiatives carried out by the Company and partners to address the waste problem, and is also in line with the 2023 National Waste Awareness Day theme, namely, "Complete Waste Management for Community Welfare". This circular economy concept is also one of the solutions to reduce plastic waste in landfills and, at the same time, an effort to increase the economic value of low-value plastic waste.
Attended by Secretary of Garut Regency PUPR Office, Asep Oo Kosasih, Deputy Chairperson of Adupi, Justin Wiganda, and Director of Legal, External Affairs, and Circular Economy Chandra Asri, Edi Rivai, this event discussed the processing of plastic waste which is classified as low-value plastic as a material plastic asphalt mix. The implementation of the plastic asphalt program, one of which is through collaboration with ADUPI as the supplier of raw materials for chopped plastic waste. Regarding its implementation, one region that has successfully used plastic asphalt roads is Garut Regency. Collaborating with Chandra Asri and the Bakti Barito Foundation, the Garut Regency Government is committed to implementing a 50 km plastic asphalt road from 2022 to 2023.
Beginning the year 2023, Chandra Asri marked a new milestone in protecting the environment by reducing emissions in the industrial transportation sector. On Tuesday (14/02), Chandra Asri officially started operating 2 (two) electric bus fleets from Mobil Anak Bangsa (MAB) through an inauguration ceremony, which was symbolically carried out by the Chairperson of the Indonesian Electric Vehicle Industry Association (Periklindo), General TNI (Retired) Dr. H. Moeldoko and President Director of Chandra Asri, Erwin Ciputra. This electric bus is a more efficient and environmentally friendly mobility option for employees' shuttle fleets.
Operating two electric bus fleets is calculated to cut diesel fuel consumption by up to 20,800 liters per year, equivalent to reducing emissions by up to 28.52 metric tons of carbon dioxide (CO2e) each year. The operation of electric buses also eliminates direct exhaust emissions, cuts the output of B3 waste in the form of used oil, and saves up to 621.5 Giga Joules of energy every year compared to diesel buses. In the future, Chandra Asri is also committed to gradually switching to electric vehicles to participate in the decarbonization process and the government's efforts to realize the target of reducing carbon emissions by 29 percent in 2030.
