Chandra Asri pursuing development of new chlor-alkali plant

PT Chandra Asri Petrochemical Tbk (Chandra Asri; Jakarta, Indonesia) and Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, have signed a Memorandum of Understanding (MoU) to collaboratively develop a world-scale chlor-alkali plant in Indonesia. INA, along with other potential international investors, will explore taking an equity stake in PT Chandra Asri Alkali (CAA), a wholly-owned subsidiary of Chandra Asri that has been established as a special purpose vehicle to invest in the development of the world-scale chlor-alkali plant. Once operational, the plant will produce more than 400,000 metric tons per year (m.t./yr) of caustic soda (also known as sodium hydroxide), and 500,000 m.t./yr of ethylene dichloride (EDC). As part of the accelerated development of this plant, Chandra Asri has signed an basic engineering and licensing agreement with Asahi Kasei Corp. (AKC; Tokyo), leading licensor with state-of-the-art intellectual property for the development of world-scale chlor-alkali plants.