What ESSA does

ESSA (PT ESSA Industries Indonesia Tbk), publicly listed on the Indonesia Stock Exchange under ticker ESSA, is an Indonesian industrial manufacturer operating in the energy and chemicals sectors. The company runs two core production segments: an Energy segment producing liquefied petroleum gas (LPG) at the Palembang LPG Plant in South Sumatra, and a Chemicals segment producing industrial ammonia at the Banggai Ammonia Plant in Central Sulawesi through wholly-owned subsidiary PT Panca Amara Utama (PAU). The group is expanding into Sustainable Aviation Fuel (SAF) manufacturing through newly established subsidiary PT ESSA SAF Makmur, and has also established PT ESSA Sustainable Indonesia (ESI) for sustainability initiatives, alongside PT ESSA Chemicals Indonesia (formerly PT Sepchem).

ESSA sells ammonia and LPG on a business-to-business basis to industrial customers in Indonesia, organized into two business units serving feedstock and energy inputs for the industrial and manufacturing sectors. Raw gas supply is secured under an amended Gas Sale and Purchase Agreement with PT Pertamina EP, Indonesia's national oil and gas company. Distribution runs through direct enterprise sales relationships, with no publicly disclosed pricing model. The company maintains a family-controlled governance structure via the Laroya family and the Akraya Group, with Kanishk Laroya serving as President Director & CEO since October 2023.

The company was founded in 2007, employs 251-500 people, and is headquartered in Jakarta with manufacturing operations in Palembang and Banggai. It is recognized as one of Bloomberg Technoz's "20 Top Companies to Watch in 2024," and its ammonia-producing subsidiary PT Panca Amara Utama has received the Proper Hijau (Green PROPER) environmental award from Indonesia's Ministry of Environment for two consecutive years (2022-2023). The company pays cash dividends to shareholders, most recently announcing a FY 2025 distribution in June 2026.

Name

ESSA

Legal name

PT ESSA Industries Indonesia Tbk

Website

https://essa.id

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

ESSA (PT ESSA Industries Indonesia Tbk) is an Indonesian publicly-listed industrial manufacturer producing LPG at its Palembang plant and ammonia at its Banggai plant via subsidiary PT Panca Amara Utama, selling to domestic industrial and manufacturing customers while expanding into Sustainable Aviation Fuel.

Ownership category

akta.pro rank

Product category

Industrial Chemicals Manufacturing

NAICS

Nitrogenous Fertilizer Manufacturing (325311), Chemical Manufacturing (325), Industrial Gas Manufacturing (32512)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Nitrogen Fertilizers (Ammonia/Urea/UAN) (IMAEAEAA)

akta.pro secondary industry

Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ) (EUAAAHAE)

Keywords

• Industrial ammonia manufacturing
• Liquefied petroleum gas
• Petrochemical production
• Energy manufacturing
• Sustainable aviation fuel

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Distribution channels1 record

Marketing channels1 record

Core offering

ESSA manufactures industrial ammonia through its Banggai Ammonia Plant (operated by subsidiary PT Panca Amara Utama) and LPG through its Palembang LPG Plant. The products serve industrial and energy-sector customers in Indonesia as feedstock or energy inputs. The group is also developing a Sustainable Aviation Fuel (SAF) capability through PT ESSA SAF Makmur.

Product overview

ESSA operates as an industrial manufacturer with two core business segments — Energy and Chemicals — organized under parent company PT ESSA Industries Indonesia Tbk. Its flagship products include ammonia produced at the Banggai Ammonia Plant by subsidiary PT Panca Amara Utama, and LPG (Liquefied Petroleum Gas) produced at the Palembang LPG Plant by the parent company. The group is expanding into Sustainable Aviation Fuel (SAF) through a new subsidiary PT ESSA SAF Makmur. PT ESSA Chemicals Indonesia (formerly PT Sepchem) handles chemical-related operations. The portfolio spans the downstream industrial value chain, serving primarily business-to-business markets in Indonesia's energy and manufacturing sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Ammonia (NH3) Industrial ammonia (NH3) produced at the Banggai Ammonia Plant (BAP) operated by subsidiary PT Panca Amara Utama in Central Sulawesi, serving industrial customers as a chemical feedstock.
• LPG (Liquefied Petroleum Gas)

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• PT Pertamina EPcoreStrategic or Co-development Partner · 22 September 2023ESSA (formerly PT Surya Esa Perkasa Tbk) signed an amendment to the Gas Sale and Purchase Agreement (PJBG) with PT Pertamina EP, the national oil and gas company. This is a core operational partnership governing gas supply for ESSA's manufacturing operations.
• Banggai CoralliumminorOthersPT Panca Amara Utama (PAU), a subsidiary of ESSA Group, collaborated with Banggai Corallium (an environmental community) to carry out coral reef restoration and coastal cleanup initiatives in Banggai, Central Sulawesi. This partnership is part of ESSA's sustainability and social responsibility initiatives.
• Gani Sigiro & HandayaniminorOthersGani Sigiro & Handayani serves as the public accountant for ESSA Industries Indonesia Tbk, located at Sampoerna Strategic Square Level 25, Jakarta.
• PT Datindo EntrycomminorOthersPT Datindo Entrycom serves as the Securities Administration Bureau (Biro Administrasi Efek) for ESSA Industries Indonesia Tbk, located at Jl. Hayam Wuruk No. 28, Jakarta.
• Notaris & PPAT Jimmy TanalminorOthersNotaris & PPAT Jimmy Tanal serves as the notary for ESSA Industries Indonesia Tbk, located at The 'H' Tower Lantai 20 Suite A & G, Jl. HR Rasuna Said Kav C20, Jakarta.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• PT Petrokimia Gresik: Subsidiary of Pupuk Indonesia and one of Indonesia's largest integrated fertilizer and chemical producers, with significant ammonia and downstream nitrogen product output. Closely comparable to ESSA's Banggai Ammonia Plant operations and chemicals segment.
• Yara International ASA: Global leader in nitrogen-based fertilizers and a major producer and trader of ammonia. Comparable to ESSA as a large-scale ammonia manufacturer with downstream nitrogen-product exposure, providing a benchmark for global ammonia economics and ESG positioning.
• CF Industries Holdings: One of the world's largest nitrogen fertilizer manufacturers, producing ammonia, urea, and UAN globally. Directly comparable to ESSA in ammonia production economics, with added reference value on decarbonization, blue/green ammonia, and SAF-adjacent pathways.
• PT Pupuk Indonesia (Persero): Indonesian state-owned fertilizer holding company that operates the country's largest ammonia and nitrogen-fertilizer production network. Directly comparable to ESSA as a domestic ammonia and downstream chemicals producer serving Indonesia's fertilizer and industrial customers.

Regional players

• PT Chandra Asri Petrochemical: Indonesia's largest integrated petrochemical producer, operating naphtha crackers and downstream chemical assets in the same domestic market as ESSA. Comparable as an Indonesian commodity-chemicals operator with shared exposure to feedstock cost cycles and domestic demand.
• PTT Public Company Limited: Thai integrated energy and petrochemical company with gas, refining, and chemicals operations across Southeast Asia. Comparable to ESSA as a regional gas-to-chemicals platform and a useful benchmark for Southeast Asian petrochemical and energy transition plays.

Broad incumbents

• PT Pertamina (Persero): Indonesian state-owned integrated energy company and ESSA's core gas-supply partner via PT Pertamina EP. Comparable as a vertically integrated Indonesian gas and LPG producer and as the counterparty shaping ESSA's feedstock economics.
• Linde plc: Global industrial gases major that produces and trades merchant ammonia alongside oxygen, hydrogen, and other industrial gases. Comparable to ESSA's ammonia output at the bulk industrial-gas level and as a reference point for clean-ammonia and hydrogen transition strategies relevant to ESSA's SAF build-out.

Others

• Indorama Corporation: Global petrochemical conglomerate with deep Indonesian operations and a historical employer of several ESSA senior executives. Connected to ESSA through shared executive DNA, prior ammonia/chemicals know-how, and as an indirectly comparable petrochemicals operator in the region.

Emerging players

• Air Products and Chemicals: Global industrial gases and hydrogen company with a growing clean-ammonia and hydrogen-for-mobility portfolio. Comparable to ESSA as an industrial-gas and ammonia player, and strategically relevant as a potential technology partner or competitor for low-carbon ammonia and SAF-adjacent supply.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pt-essaindustries-indonesia-tbk

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about ESSA