Chandra Asri

What Chandra Asri does

Chandra Asri Group (PT Chandra Asri Pacific Tbk, IDX: TPIA) is Indonesia's largest integrated petrochemical producer, operating a 4.2 MTPA complex at Cilegon, Banten anchored by Southeast Asia's only domestic naphtha cracker. Core production covers olefins (ethylene 900 KTA, propylene 490 KTA, pygas 418 KTA, mixed C4 330 KTA), polyolefins (polyethylene 736 KTA, polypropylene 590 KTA), styrene monomer (340 KTA), butadiene (137 KTA), MTBE (128 KTA), and butene-1 (43 KTA), with production technologies licensed from Lummus, KBR, Univation/ExxonMobil/Dow, Showa Denko, BASF, and Mobil-Badger. The group is controlled by Barito Pacific with strategic shareholders SCG Chemicals (~15.71%) and ThaiOil, and was designated a vital national object by the Indonesian government.

The business model is anchored in B2B long-term supply contracts with industrial manufacturers in Indonesia and Southeast Asia, with pricing indexed to commodity benchmarks (naphtha, ethylene, propylene). Direct enterprise sales teams operate from manufacturing sites at Cilegon and Puloampel, while a Singapore trading subsidiary (Chandra Asri Trading Company) manages regional exports. An integrated logistics platform — three Cilegon jetties (80,000 / 10,000 / 6,000 DWT), over 500,000 m³ of tank storage, satellite warehouses in Surabaya and Solo, and managed-services subsidiaries CPN and RPU — supports both internal feedstock/product movement and third-party chemical and energy customers. A small direct-to-consumer retail fuel business was added in 2025 through the acquisition of ~60 Esso-branded stations in Singapore.

The platform has expanded materially in 2025: the Aster Chemicals and Energy JV with Glencore (80:20) acquired Shell's Energy and Chemicals Park in Singapore, adding Pulau Bukom refinery and Jurong Island petrochemical assets (ethylene oxide, ethoxylates, propylene oxide); the CA-EDC chlor-alkali plant (US$800M, National Strategic Project) is under construction targeting Q1 2027; and infrastructure arm CDI Group completed a 400x oversubscribed IPO in July 2025. FY2025 consolidated net revenue reached US$7.02 billion and net profit US$1.45 billion, reflecting the first full year of Aster consolidation.

Name

Chandra Asri

Legal name

PT Chandra Asri Pacific Tbk

Website

https://chandra-asri.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Chandra Asri Group (PT Chandra Asri Pacific Tbk) is Southeast Asia's largest integrated petrochemical producer, operating a 4.2 MTPA naphtha-cracker-anchored complex in Cilegon, Indonesia that supplies olefins, polyolefins, and chlor-alkali to domestic and regional industrial manufacturers.

Ownership category

akta.pro rank

Product category

Petrochemical Manufacturing

NAICS

Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110), All Other Basic Organic Chemical Manufacturing (325199)

SIC

Industrial Organic Chemicals (2860), Industrial Inorganic Chemicals (2810), Petroleum Refining (2911)

akta.pro primary industry

Olefins (Ethylene, Propylene, Butadiene) (EUALAHAD)

akta.pro secondary industry

Styrenics (Styrene Monomer, PS, EPS, ABS) (IMAEADAE)

Keywords

• Petrochemical manufacturing
• Olefin production
• Polyolefin supply
• Chlor-alkali chemicals
• Integrated petrochemical complex

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Petrochemical Product Sales: Manufacturing and sale of petrochemical products including olefins (ethylene, propylene), polyolefins (polyethylene, polypropylene), styrene monomer, butadiene, MTBE, and B1 to domestic Indonesian manufacturers and regional Southeast Asian customers. Revenue is generated through long-term supply contracts and spot sales, with pricing linked to commodity markets. This is the primary revenue driver, with 2025 net revenues of US$7.02 billion.
2. Retail Fuel Distribution: Operation of ~60 Esso-branded retail fuel stations in Singapore following acquisition from ExxonMobil. Chandra Asri retains the Esso branding and existing workforce, with plans to potentially add EV charging infrastructure as electric vehicles accounted for 43% of new car registrations in Singapore in early 2025. Revenue is generated through fuel sales to retail consumers and commercial customers.
3. Port, Terminal, and Logistics Services: Port and terminal services provided through subsidiaries PT Chandra pelabuhan Nusantara (CPN) and PT Redeco Petrolin Utama (RPU), including jetty operations, chemical storage tanks, marine loading arms, and logistics management. Services support both internal petrochemical operations and third-party chemical/energy companies. CPN operates >500,000 m³ of storage across 50+ tanks; RPU operates >125,000 kiloliters across 70+ tanks.
4. Chlor-Alkali Products (CA-EDC): Upon completion of the CA-EDC plant in 2027, production and sale of caustic soda (400,000 tonnes/year) and ethylene dichloride (500,000 tonnes/year) to domestic manufacturers and export markets. Caustic soda production is expected to reduce Indonesia's import dependency by ~827,000 tonnes annually, valued at ~US$293 million per year. EDC production is allocated for export with potential forex earnings of ~US$300 million per year.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Chandra Asri Group is Southeast Asia's largest integrated petrochemical producer, operating a naphtha cracker in Cilegon, Indonesia that produces olefins (ethylene, propylene), polyolefins (polyethylene, polypropylene), styrene monomer, butadiene, MTBE, and butene-1. Through its Aster joint venture with Glencore, the company operates Shell's former Singapore refinery and Jurong Island petrochemical complex. It is building a Chlor-Alkali Ethylene Dichloride (CA-EDC) plant at Cilegon (Q1 2027 target) and has expanded into retail fuel distribution with Esso-branded stations in Singapore.

Product overview

Chandra Asri operates as an integrated platform across Energy, Chemicals, and Infrastructure sectors in Southeast Asia. The core chemical portfolio centers on the Naphtha Cracker producing olefins (ethylene, propylene) as feedstock for downstream plants: Polyethylene (736KTA), Polypropylene (590KTA), Styrene Monomer (340KTA), Butadiene (137KTA), plus specialty chemicals MTBE (128KTA) and B1 (43KTA). A new CA-EDC plant (Q1 2027) will add Chlor Alkali and Ethylene Dichloride production. Through the Aster joint venture with Glencore, the company operates Shell's former Singapore refinery and Jurong Island chemical complex. Infrastructure services via subsidiaries include port operations, tank storage, and logistics. The CIRCLO and PLUSRI brands represent circular economy products derived from plastic recycling.

Differentiator

Problem solved

Functional benefit

Brands

• Aster Chemicals and Energy: Subsidiary operating integrated refinery and petrochemical facilities in Singapore (Pulau Bukom and Jurong Island), formed through joint venture with Glencore.
• Chandra Asri Alkali
• CDI Group (Chandra Daya Investasi)
• PAUSE Safety Framework
• Indonesia Asri

Products and services

• Olefins (Ethylene, Propylene, Pygas, Mixed C4) Naphtha cracker output producing ethylene (900KTA), propylene (490KTA), pygas (418KTA), and mixed C4 (330KTA) using Lummus and KBR licensed processes. Olefins serve as primary feedstocks for downstream polyethylene, polypropylene, and butadiene production.
• Polyethylene 736 KTA polyethylene production across three plants producing linear-low and high density polyethylene resins. Used by downstream packaging, construction, and consumer goods manufacturers in Indonesia and across Southeast Asia.
• Polypropylene 590 KTA polypropylene production across three trains producing homopolymer, random copolymer, and impact (block) copolymer resins using W.R. Grace & Co. licensed technology. Sold to Indonesian and regional packaging, automotive, and consumer goods manufacturers.
• Styrene Monomer 340 KTA styrene monomer production using Mobil-Badger and Lummus technology. Supplies local and regional downstream industries producing polystyrene, ABS, synthetic rubber, and resins.
• Butadiene 137 KTA butadiene production using Lummus/BASF licensed technology, consuming mixed C4 from the naphtha cracker to produce butadiene and raffinate-1. Critical feedstock for synthetic rubber production used in tires.
• MTBE (Methyl Tert-butyl Ether) 128 KTA MTBE production using Lummus licensed technology. First MTBE plant in Indonesia, supplying domestic octane boosters currently imported, with capacity expanded by 25% in early 2026.
• B1 (Butene-1) 43 KTA B1 (Butene-1) production using Lummus licensed technology. First B1 plant in Indonesia, supplying domestic polyethylene producers previously reliant on imports, with capacity expanded by 25% in early 2026.
• Chlor-Alkali (Caustic Soda) New chlor-alkali product from the CA-EDC plant, targeting 400,000 tonnes/year caustic soda production. Will reduce Indonesia's import dependency for key industrial chemicals and serve domestic manufacturers across pulp, paper, textiles, water treatment, and alumina sectors.
• Ethylene Dichloride (EDC) 500,000 tonnes/year EDC production from the CA-EDC plant, allocated primarily for export markets. EDC is a precursor to vinyl chloride monomer (VCM) and PVC, serving global PVC manufacturers.
• Aster Jurong Island Petrochemicals Petrochemical products from the Aster joint venture's Jurong Island facility, including ethylene oxide, ethoxylates, styrene monomer, and propylene oxide. Serves specialty chemical and downstream manufacturing customers across Asia.
• CIRCLO Recycled Plastic Flake Chandra Asri Group's recycled plastic flake brand, used to produce plastic asphalt roads and shredded plastic products for MSME use. Supports the company's circular economy and Plastic Asphalt program that has converted over 155 million plastic bags into 135 km of roads.
• PLUSRI Pyrolysis Oil Pyrolysis oil produced from plastic waste processing, used as an alternative fuel in Chandra Asri's operations. Part of the company's circular economy initiatives.
• Esso-Branded Retail Fuel Stations (Singapore) Retail fuel distribution through ~60 Esso-branded service stations in Singapore acquired from ExxonMobil. Sells gasoline, diesel, and potentially EV charging to retail consumers and commercial vehicle operators.
• Port, Terminal, and Infrastructure Services Port operations, chemical tank storage, jetty management, marine loading arms, and chemical logistics services operated through CPN (>500,000 m³ storage, 3 jetties at Cilegon) and RPU (>125,000 kiloliters storage, 2 jetties with 35,000 DWT vessels). Provided to third-party chemical and energy companies and integrated with internal petrochemical operations.

Quantifiable outcome

• 400,000 tonnes/year caustic soda production will reduce Indonesia's caustic soda imports by ~827,000 tonnes/year, valued at ~US$293 million per year
• +8 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Kantor Kesyahbandaran dan Otoritas Pelayaran (KSOP) Kelas I BantencoreOthers · 1 May 2026Chandra Asri Group (through subsidiary PT Chandra pelabuhan Nusantara) signed a Port Business Entity Concession Agreement with KSOP Kelas I Banten. The concession fulfills regulatory compliance and sound port governance requirements while marking an important step in strengthening national logistics and the industrial ecosystem. KSOP Banten Class I provides government oversight and regulatory authority over port operations in the Banten province.
• Aether Fuels Pte. Ltd.minorStrategic or Co-development Partner · 1 November 2025Aether Fuels, a Temasek-backed Singapore-US sustainable carbon waste management startup, partnered with Aster Chemicals and Energy to develop a green jet fuel plant at Changi Airport. Aster Group (Chandra Asri-Glencore JV) invested through its venture capital arm Aster Ventures. Aether Fuels will benefit from Aster's operational ecosystem on Bukom and Jurong islands to accelerate business development and bring sustainable fuels to market globally.
• Keppel CorporationminorStrategic or Co-development Partner · 1 November 2025Keppel Corporation partnered with Aster Chemicals and Energy on a sustainable aviation fuel (SAF) partnership as part of Aster's sustainability and diversification strategy. The collaboration aims to develop SAF production capacity, positioning Aster for long-term resilience in an age of 'polycrisis' and energy transition.
• GlencorecoreStrategic or Co-development PartnerGlencore (20% ownership) partnered with Chandra Asri Group (80% ownership) to form Aster Chemicals and Energy Pte. Ltd., acquiring Shell's Energy and Chemicals Park in Singapore. The JV operates integrated refinery and petrochemical assets at Pulau Bukom and Jurong Island. Aster is pursuing growth through sustainable aviation fuel partnerships, bitumen sales to Indonesia, and a potential IPO as assets mature. Aster is also studying power imports from Indonesia's Batam island under the Asean Power Grid initiative.

Scale indicators19 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• SCG Chemicals (SCGC): Thailand-based integrated petrochemical producer of olefins, polyolefins, and downstream specialties; also a strategic shareholder (~15.71%) of Chandra Asri. Most directly comparable given overlapping product portfolios (PE, PP, olefins) and ASEAN regional focus.
• PTT Global Chemical: Thailand's largest integrated petrochemical player producing olefins, aromatics, polyolefins, and downstream specialties. Direct peer given overlapping product slate, ASEAN footprint, and naphtha-cracking-based manufacturing model.
• Pertamina: Indonesia's state-owned integrated energy company with refining and petrochemical operations (including the Trans-Pacific Petrochemical Indotama joint venture that overlaps with Chandra Asri's olefins/polyolefins footprint in Cilegon).

Broad incumbents

• Siam Cement Group (SCC): Diversified Thai conglomerate whose chemicals arm (SCGC) is both a peer and shareholder of Chandra Asri. Comparable given regional petrochemical footprint and integrated chemicals-to-consumer-products value chain.
• Reliance Industries (Petrochemicals): India-based global petrochemical giant producing olefins, polyolefins, aromatics, and downstream specialties. Comparable given integrated refining-to-petrochemicals model, scale advantages, and emerging-market positioning.
• Formosa Plastics Corporation: Taiwan-based petrochemical conglomerate with integrated olefins, polyolefins (PE/PP), PVC, and chlor-alkali operations. Comparable given overlapping polyolefins portfolio and chlor-alkali exposure aligned with Chandra Asri's new CA-EDC plant.
• LyondellBasell Industries: Global leader in polyolefins (PE/PP) and downstream chemicals with technology licensing (including some technologies licensed to Chandra Asri). Comparable product portfolio and licensing-driven technology stack.
• SABIC: Saudi Arabia-based global petrochemical leader producing olefins, aromatics, polyolefins, and chlor-alkali/EDC products. Directly relevant given SABIC's chlor-alkali/EDC operations parallel to Chandra Asri's CA-EDC plant expansion.

Regional players

• IRPC Public Company: Thai integrated petrochemical refinery producing olefins, aromatics, and polyolefins for ASEAN markets. Comparable feedstock flexibility (refinery-naphtha integration) and overlapping product portfolio with Chandra Asri.
• PetroChina (Chemicals Division): China's largest integrated petrochemical producer across olefins, polyolefins, aromatics, and chlor-alkali. Comparable scale and product breadth, though primarily serving the Chinese domestic market versus Chandra Asri's ASEAN focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/ChandraasriID
• YouTubeyoutube.com/channel/UCoqBsqI8crt0OLCuD7f1UyQ
• Facebookfacebook.com/ChandraAsriGroup
• LinkedInlinkedin.com/company/pt-chandra-asri
• Instagraminstagram.com/chandraasri.id
• TikToktiktok.com/@chandraasri.id

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chandra Asri