Surya Esa Perkasa
Surya Esa Perkasa (Akraya) is a privately held Indonesian industrial investment firm founded in 2004 that develops, finances, and operates LPG processing, ammonia production, and power generation assets through subsidiaries including ESSA and PT Panca Amara Utama, serving households, industrial chemical buyers, and government offtake customers.
- Company typePrivate
- Founded2004
- HeadquartersJakarta, Indonesia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Surya Esa Perkasa does
Surya Esa Perkasa, doing business as Akraya (PT Akraya International), is a privately held Indonesian investment and management company founded in 2004 by Chander Vinod Laroya. Akraya develops, finances, and operates value-added manufacturing investments in Indonesia, with a portfolio spanning LPG processing, ammonia production, and power generation. The company is headquartered in Jakarta and operates through four wholly-owned subsidiaries: PT ESSA Industries Indonesia (EII), which runs the largest privately owned LPG processing facility in Indonesia (190 MTPD LPG, 500 BPD condensate); PT Panca Amara Utama (PAU), which operates a 1900 MTPD ammonia facility using KBR's Reforming Exchanger System & Purifier Technology in the first commercial deployment globally; Puri Akraya Engineering, which built and operated the Hera and Betano power plants in Timor Leste under a Build-Operate-Transfer arrangement; and PT Makmur Sejahtera Wisesa, a 2x30MW power plant in Tabalong, South Kalimantan, financed by IFC.
The portfolio serves three distinct customer segments: Indonesian households (LPG for cooking across the country's 17,000 islands), industrial chemical buyers (ammonia for fertilizer, explosives, and emerging hydrogen applications), and government / grid operators (electricity supply in Kalimantan and, historically, Timor Leste). Revenue is generated through B2B and B2G channels — periodic LPG sales to domestic distributors, ammonia sales to industrial chemical buyers at global cost-curve pricing, and power offtake arrangements with government counterparties. The group has raised over USD1.5 billion in debt and equity capital, financed by IFC World Bank and 10 leading global and regional banks, and reports a 7-country operating footprint across Indonesia, India, Thailand, Sri Lanka, Oman, Turkey, and the USA.
The business model is that of an industrial holding and project finance company: source equity and debt capital, develop greenfield industrial assets in Indonesia, then operate, expand, or divest them. ESSA listed publicly in 2012 and was named by FORBES among Indonesia's Top 50 Listed Companies in 2022. Strategic priorities include the planned 100% conversion of PAU's ammonia production to Blue Ammonia by 2025, positioning the asset for the hydrogen and clean-fuel economy. The firm employs 11–50 people at the management company level, with operating headcount housed at the subsidiary level.
Surya Esa Perkasa firmographics
Firmographics- Name
- Surya Esa Perkasa
- Legal name
- PT Akraya International
- Website
- https://akrayaintl.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Surya Esa Perkasa (Akraya) is a privately held Indonesian industrial investment firm founded in 2004 that develops, finances, and operates LPG processing, ammonia production, and power generation assets through subsidiaries including ESSA and PT Panca Amara Utama, serving households, industrial chemical buyers, and government offtake customers.
- Ownership category
- akta.pro rank
Where Surya Esa Perkasa is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices4 records
Markets served
Surya Esa Perkasa business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D
Revenue model
- LPG Manufacturing and Sales: ESSA operates the largest privately owned LPG processing facility in Indonesia, manufacturing LPG by extracting propane and butane from natural gas. LPG is sold for household cooking use across Indonesia.
- Ammonia Manufacturing and Sales: PAU operates one of the world's most efficient ammonia facilities. Ammonia serves as a carrier of hydrogen and cleanest burning fuel of the future, with plans to convert 100% production to Blue Ammonia by 2025.
- Power Generation: Puri Akraya Engineering built and managed BOT power plants (Hera Power Plant & Betano Power Plant) in Timor Leste. PT Makmur Sejahtera Wisesa operates a 2x30MW plant in Tabalong, South Kalimantan.
Go-to-market motion1 record
Distribution channels1 record
Surya Esa Perkasa product offering
Product offeringCore offering
ESSA (Surya Esa Perkasa group), managed by PT Akraya International, manufactures and sells LPG (propane and butane) extracted from natural gas, produces ammonia through a world-class facility using KBR technology, and operates/builds power plants in Indonesia and Timor Leste. The company operates the largest privately owned LPG facility in Indonesia and supplies industrial chemicals, electricity, and clean-fuel ammonia.
Product overview
ESSA (PT ESSA Industries Indonesia Tbk.) is an Indonesian industrial company comprising multiple manufacturing operations. The portfolio includes PT ESSA Industries Indonesia (EII), which operates Indonesia's largest privately owned LPG processing facility; PT Panca Amara Utama (PAU), operating one of the world's most efficient ammonia production facilities using KBR technology; Puri Akraya Engineering, which specializes in Build-Operate-Transfer power plant projects; and PT Makmur Sejahtera Wisesa, a power generation company. The group focuses on greenfield investments and business turnarounds in the industrial sector, primarily serving Indonesia's energy and chemical needs.
Differentiator
Problem solved
Functional benefit
Products and services
- PT ESSA Industries Indonesia - LPG Processing Liquefied Petroleum Gas (LPG) manufacturing operation extracting propane and butane from natural gas, with heavier hydrocarbons recovered as condensate. Serves Indonesian household cooking needs across 17,000 islands and industrial customers.
- PT Panca Amara Utama - Ammonia Production Ammonia manufacturing facility using KBR's Reforming Exchanger System & Purifier Technology, targeting fertilizer, explosives, and emerging clean hydrogen economy applications with plans for full Blue Ammonia conversion.
- Puri Akraya Engineering - BOT Power Plants Build, Operate and Transfer (BOT) power plant development and management for liquid-fuel/gas-fired power generation projects in Timor Leste.
- PT Makmur Sejahtera Wisesa - Power Generation 2x30MW power generation plant in South Kalimantan, supplying electricity to South, Central, and East Kalimantan regions.
Quantifiable outcome
- 12 consecutive years of Zero Accident Award from Indonesian Ministry of Labour
- +4 more outcomes
Companies that use Surya Esa Perkasa
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Surya Esa Perkasa technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Surya Esa Perkasa partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and major.
- KBRcoreKBR's Reforming Exchanger System & Purifier Technology is used at PT Panca Amara Utama for ammonia production. This is the first ever commercial application of this technology globally, placing Indonesia at the forefront of ammonia production worldwide.
- Leading Indonesian and International Corporations, Entrepreneurs, Business Families, and GovernmentmajorStrong partnerships with leading Indonesian and international corporations, entrepreneurs, business families, and government. Prominent local and international financial institutions, developmental organizations, and strategic partners. Leading private equity firms with co-investment opportunities.
Scale indicators8 records
Recent moves7 records
Expansion highlights4 records
Surya Esa Perkasa competitors and assessment
Company assessmentBroad incumbents
- Indika Energy: Indonesian diversified energy group with coal mining, power generation, and industrial services. Comparable to the Akraya/ESSA portfolio in terms of integrated energy and power infrastructure presence in Indonesia.
- PT Pertamina (Persero): Indonesian state-owned oil and gas and energy company operating LPG refining and distribution across Indonesia. Most direct comparable on the LPG side as Indonesia's incumbent LPG supplier; competes with EII in domestic LPG markets.
- Adaro Energy: Indonesian integrated coal mining and energy company that actually acquired MSW's 2x30MW plant from Akraya. Comparable as a large Indonesian energy/industrial operator with overlapping coal-based power generation and infrastructure exposure.
- Medco Energi Internasional: Indonesian integrated oil, gas, and power company with upstream, downstream, and power generation operations. Comparable as a diversified Indonesian energy operator with gas-based feedstock exposure similar to EII's LPG-from-gas business.
Direct peers
- CF Industries Holdings: One of the world's largest nitrogen fertilizer and ammonia producers, with significant US Gulf Coast and global ammonia capacity. Comparable to PAU as a large-scale, low-cost ammonia producer pursuing green/blue ammonia growth optionality.
- Air Products and Chemicals: Global industrial gases and hydrogen leader, with major blue/green hydrogen and ammonia projects globally. Comparable to PAU's blue ammonia ambitions and to EII's industrial gas production profile.
- Yara International: Global leader in ammonia and fertilizer production, with the largest global ammonia footprint and an active emitter-to-clean ammonia transition. Directly comparable to PAU as a large-scale ammonia producer with similar plans to decarbonize blue/green ammonia production.
- Chandra Asri Petrochemical: Indonesia's largest integrated petrochemical producer, operating olefins and aromatics plants. Comparable to PAU and EII as a large-scale Indonesian industrial chemical manufacturer with similar customer base and feedstock-driven commodity dynamics.
- Saratoga Investama Sedaya: Indonesian publicly listed investment company focused on value-added industrial and infrastructure investments, with portfolio spanning energy, infrastructure, and consumer. Most directly comparable to Akraya's PE-style model of building and operating Indonesian industrial assets.
Regional players
- Bukit Asam: Indonesian state-owned coal miner and power generator, with operations in South Sumatra (Tanjung Enim). Comparable to MSW/PTBA cross-section as a coal-adjacent power generator in Indonesia, including Kalimantan/Sumatra operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Customer concentration
Surya Esa Perkasa social profiles
Digital presenceSurya Esa Perkasa compliance and trust
Trust signalCompliance1 record
Surya Esa Perkasa financial estimates
Financial estimateRevenue estimate
Valuation estimate
Surya Esa Perkasa leadership team
Management profileNumber of profiles
Profiles5 records
Surya Esa Perkasa subsidiaries and ownership
Company hierarchySubsidiaries4 records
Surya Esa Perkasa funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Surya Esa Perkasa 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 Surya Esa Perkasa
What does Surya Esa Perkasa do?
ESSA (Surya Esa Perkasa group), managed by PT Akraya International, manufactures and sells LPG (propane and butane) extracted from natural gas, produces ammonia through a world-class facility using KBR technology, and operates/builds power plants in Indonesia and Timor Leste. The company operates the largest privately owned LPG facility in Indonesia and supplies industrial chemicals, electricity, and clean-fuel ammonia.
Is Surya Esa Perkasa a public or private company?
Surya Esa Perkasa is a private company. It is classified as public and is currently operating.
When was Surya Esa Perkasa founded?
Surya Esa Perkasa was founded in 2004. It employs 11 to 50 people.
Where is Surya Esa Perkasa based?
Surya Esa Perkasa is headquartered in Jakarta, Indonesia, in the Asia region.
How does Surya Esa Perkasa make money?
Three revenue lines are on record. LPG Manufacturing and Sales are the primary driver. The others are ammonia Manufacturing and Sales and power Generation.
Who are Surya Esa Perkasa's main competitors?
Broad incumbents on record are Indika Energy, PT Pertamina (Persero), Adaro Energy and Medco Energi Internasional. Direct peers are CF Industries Holdings, Air Products and Chemicals, Yara International, Chandra Asri Petrochemical and Saratoga Investama Sedaya. Bukit Asam is listed as a regional player.
Does Surya Esa Perkasa have an API?
No public API is recorded for Surya Esa Perkasa.