Ascon
Ascon is a Jakarta, Singapore and Hong Kong-based international coal and commodity trader that sources Indonesian thermal coal from over 20 mines and serves power, steel, cement, and paper buyers across Asia.
- Company typePrivate
- Founded1984
- HeadquartersJakarta, Indonesia
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Ascon does
Ascon (PT Ascon Indonesia Internasional, with affiliated entities Ascon Asia Pte. Ltd., Ascon Shipping Pte. Ltd., and Ascon Energy Ltd.) is a Jakarta-headquartered international coal and commodity trading firm that operates across Indonesia, Singapore, and Hong Kong. It is the operating subsidiary of ASCON GROUP, a diversified group originally incorporated in Hamburg, Germany in 1984 for crude oil trading; Ascon's Indonesian coal and oil import trading operations commenced in 2013. Its core product is Indonesian thermal coal in grades ranging from GAR 3400 to GAR 6200, sourced under supply agreements, off-take contracts, exclusive arrangements, and equity stakes with over 20 mines across East/Central/South Kalimantan, South Sumatera, Jambi, and Aceh Barat, providing access to more than 1 million MT per month. The company also trades High Speed Diesel (HSD), petroleum coke, and other commodities through dedicated barge-loading berths (8,000 MT coal; 10,000 MT HSD).
Revenue is generated through transaction-based buy-and-resell of coal and oil products, plus pre-financing of transactions until final receipt by buyers. Supporting services include storage, shipping, trucking, blending, coordination of independent laboratory inspection, and dedicated Field Managers who oversee mine-to-client movements. Customers span power generation, steel, cement, and paper industries, comprising both Indonesian state-owned enterprises and private industrial buyers across Asia, including supply to clients with their own stockpiles and ports as well as those relying on Ascon's logistics solutions. The go-to-market is enterprise field sales; pricing is quote-based, set by coal grade, volume, delivery location, and prevailing market conditions, and is not publicly disclosed.
Ascon firmographics
Firmographics- Name
- Ascon
- Legal name
- PT Ascon Indonesia Internasional
- Website
- https://ptascon.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Ascon is a Jakarta, Singapore and Hong Kong-based international coal and commodity trader that sources Indonesian thermal coal from over 20 mines and serves power, steel, cement, and paper buyers across Asia.
- Ownership category
- akta.pro rank
Where Ascon is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices3 records
Markets served
Ascon business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Coal Trading: Domestic and international coal trading operations. Ascon has supply agreements with over 20 mines in Indonesian provinces, trading various coal grades from GAR 3400 to GAR 6200. Revenue generated through purchase and resale of coal with logistics markups.
- Oil Product Trading: Trading of High Speed Diesel (HSD) and other oil products with dedicated berths and logistics arrangements.
- Transaction Financing: Pre-financing of coal and commodity transactions until final receipt by clients, generating additional revenue through financing arrangements.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Ascon product offering
Product offeringCore offering
Ascon is an international coal and oil commodity trader that sources Indonesian coal across grades from GAR 3400 to GAR 6200 from more than 20 mines and supplies it to power plants, steel, cement, and paper producers across Asia. It executes the full physical trading workflow, including storing, shipping, trucking, blending, inspection, and pre-financing of transactions, and also trades High Speed Diesel (HSD) and other commodities under its own Indonesian local and export trade licenses issued by BKPM.
Product overview
Ascon operates as a coal and commodity trading company offering Indonesian coal grades ranging from GAR 3400 to GAR 6200, sourced from multiple mines across Kalimantan, Sumatera, and Jambi provinces. The core offerings include coal trading and High Speed Diesel (HSD) oil products. Supporting these core trading activities, the company provides integrated logistics services (storage, shipping, trucking, blending, and financing), quality inspection coordination, and transaction pre-financing. The company operates as a unified trading platform through its Indonesian subsidiary (PT Ascon Indonesia Internasional), Singapore entities (Ascon Asia Pte. Ltd., Ascon Shipping Pte. Ltd.), and Hong Kong entity (Ascon Energy Ltd.).
Differentiator
Problem solved
Functional benefit
Products and services
- Indonesian Coal Trading
- High Speed Diesel (HSD) Trading
- Coal Logistics and Supply Chain Services
Quantifiable outcome
- Supply capacity exceeding 1 million MT per month from 20+ mines
- +1 more outcomes
Companies that use Ascon
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles2 records
Ascon technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Ascon partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Various Indonesian Coal Mines (20+)coreAscon has supply agreements, off-take contracts, and authorizations to represent coal mines across Indonesian provinces. Some mines have shareholding relationships with Ascon, others operate on exclusive basis, and some on regular volume or spot basis. Key mines include those in East Kalimantan, Central Kalimantan, South Kalimantan, South Sumatera, and Jambi.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Ascon competitors and assessment
Company assessmentBroad incumbents
- Trafigura: One of the world's largest physical commodity traders with active coal, oil, and petroleum products desks. Comparable trading model and customer base to Ascon's coal and HSD operations.
- Mercuria Energy Trading: Global commodity trader with active coal, oil, and petroleum products desks. Comparable trading model to Ascon, with similar focus on industrial and emerging-market buyers.
- Vitol: World's largest independent oil trader with diversified energy commodity book. Comparable to Ascon's HSD and petroleum products trading stream with dedicated berths and bulk logistics.
- Glencore: Global diversified commodity trader with major coal, oil, and metals books. Comparable to Ascon as a coal and oil products trader serving power, steel, and industrial end-markets, though far larger in scale and commodity breadth.
- Itochu Corporation: Japanese general trading company with coal, energy, and commodity trading desks serving Asian markets. Comparable trading function and customer base to Ascon's coal business.
- Marubeni Corporation: Japanese general trading company (sogo shosha) with significant coal trading and power generation interests in Asia. Comparable as a coal supply intermediary to power and industrial clients.
Direct peers
- Bayan Resources: Indonesian coal producer with multi-grade thermal coal operations and export-focused sales channels. Comparable to Ascon in Indonesian coal grade portfolio and Asian export orientation.
- Adaro Energy: Indonesian integrated coal producer and trader with significant thermal coal export operations. Most directly comparable peer given Indonesian thermal coal focus and export logistics infrastructure.
- Bukit Asam (PTBA): Indonesian state-owned coal mining and trading company, also supplying power, cement, and industrial buyers across Asia. Comparable product mix and Indonesian origin base as Ascon.
Regional players
- Banpu Public Company: Thai-based integrated energy company with coal mining, trading, and power generation across Asia. Comparable to Ascon in serving Asian power and industrial buyers with coal sourced from Indonesia and elsewhere.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Customer concentration
Ascon social profiles
Digital presenceAscon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ascon leadership team
Management profileNumber of profiles
Profiles1 record
Ascon subsidiaries and ownership
Company hierarchySubsidiaries4 records
Ascon funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ascon M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ascon
What does Ascon do?
Ascon is an international coal and oil commodity trader that sources Indonesian coal across grades from GAR 3400 to GAR 6200 from more than 20 mines and supplies it to power plants, steel, cement, and paper producers across Asia. It executes the full physical trading workflow, including storing, shipping, trucking, blending, inspection, and pre-financing of transactions, and also trades High Speed Diesel (HSD) and other commodities under its own Indonesian local and export trade licenses issued by BKPM.
Is Ascon a public or private company?
Ascon is a private company. It is classified as corporate owned and is currently operating.
When was Ascon founded?
Ascon was founded in 1984. It employs 51 to 100 people.
Where is Ascon based?
Ascon is headquartered in Jakarta, Indonesia, in the Asia region.
How does Ascon make money?
Three revenue lines are on record. Coal Trading is the primary driver. The others are oil Product Trading and transaction Financing.
Who are Ascon's main competitors?
Broad incumbents on record are Trafigura, Mercuria Energy Trading, Vitol, Glencore, Itochu Corporation and Marubeni Corporation. Direct peers are Bayan Resources, Adaro Energy and Bukit Asam (PTBA). Banpu Public Company is listed as a regional player.
Does Ascon have an API?
No public API is recorded for Ascon.