Barito Pacific

What Barito Pacific does

PT Barito Pacific Tbk (IDX: BRPT) is a publicly listed, Jakarta-headquartered diversified and integrated energy company founded in 1979 and controlled by the Pangestu family. It operates through a holding company structure across petrochemicals (Chandra Asri Group), renewable geothermal power generation (Barito Renewables / Star Energy Geothermal with 910.3 MW of installed capacity at Salak and Darajat), industrial estate development (Griya Idola/Patimban), coal (Petrindo), and mining/construction services (Petrosea).

The company's core revenue model combines B2B enterprise sales of petrochemical raw materials and products under multi-year contracts with industrial customers, baseload geothermal electricity supply to Indonesia's national grid under long-term arrangements, and recurring property/industrial estate income. Pricing is contract-based and not publicly disclosed. Notable proprietary technologies include Chandra Asri's Enclosed Ground Flare (near-zero emission/noise), the plastic asphalt road program (17.572 km constructed using recycled plastic bricks), Salak geothermal retrofit work (adding 7.7 MW for US$22.5 million), and an internal carbon credit economy linking subsidiaries and partners.

Barito Pacific reported nine-month 2025 sales and revenue of US$5.56 billion, with 6M25 consolidated revenue of US$3,229 million (+179% YoY), EBITDA of US$1,974 million (+628% YoY), and net profit of US$1,724 million (+3,348% YoY). Its go-to-market is anchored on enterprise field sales, government partnerships (including Danantara and INA on the CA-EDC project, and West Java Province on Patimban), and active capital markets positioning via the Indonesia Stock Exchange. Recent strategic initiatives include a US$224 million coordinated share buyback program (February–May 2026) to stabilize share prices following MSCI-driven market turbulence, the announced acquisition of ExxonMobil's ESSO network in Singapore, and an expanded geothermal collaboration with SLB.

Name

Barito Pacific

Legal name

PT Barito Pacific Tbk

Website

https://barito-pacific.com

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

251–500 employees

Short description

PT Barito Pacific Tbk (IDX: BRPT) is an Indonesia-based diversified integrated energy company that produces petrochemicals through Chandra Asri Group, generates geothermal baseload power through Star Energy Geothermal (910.3 MW), and develops industrial estates through Griya Idola, serving industrial customers and government counterparties under multi-year B2B contracts.

Ownership category

akta.pro rank

Product category

Integrated Petrochemicals and Energy

NAICS

Petrochemical Manufacturing (32511)

SIC

Miscellaneous Products Of Petroleum & Coal (2990)

akta.pro primary industry

Steam Cracking & Feedstock Flexibility Services (Cracker optimization, feed switching, co-product recovery) (EUALAHAJ)

Keywords

• Petrochemical manufacturing
• Geothermal power generation
• Integrated energy operations
• Industrial estate development
• Renewable energy solutions

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Petrochemical Operations: Barito Pacific operates in the petrochemical sector, producing a range of raw materials and products. Chandra Asri Group, a subsidiary, is a major petrochemical producer.
2. Energy Generation: The company generates energy through geothermal power plants including Salak and Darajat assets, operated by Star Energy Geothermal. Total installed capacity of 910.3 MW.
3. Property Assets: Barito Pacific manages property assets as part of its diversified business portfolio.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

Barito Pacific is a diversified and integrated energy group that manufactures petrochemical raw materials and products through its Chandra Asri subsidiary and generates baseload renewable electricity through Star Energy Geothermal (910.3 MW installed capacity across Salak and Darajat assets). The group also develops and manages the Patimban Industrial Estate through Griya Idola and runs adjacent energy and mining services businesses (Petrindo, Petrosea, Indo-Raya Tenaga).

Product overview

PT Barito Pacific Tbk is a diversified and integrated energy company in Indonesia operating through multiple subsidiaries and business units. The company's portfolio includes petrochemical operations (through Chandra Asri Group), renewable energy generation (through Barito Renewables/Star Energy Geothermal with geothermal assets), industrial estate development (Griya Idola), and other energy sector investments. The structure follows a parent holding company model with distinct operating subsidiaries, each specializing in different segments of the energy value chain from petrochemicals to geothermal power generation.

Differentiator

Problem solved

Functional benefit

Brands

• Chandra Asri Group: Core petrochemical operations producing a range of raw materials and products
• Barito Renewables
• Griya Idola
• Petrindo
• Petrosea
• Star Energy Geothermal
• Bakti Barito

Products and services

• Petrochemical Products Range of petrochemical raw materials and products (olefins, polyolefins, styrene monomer, butadiene and related derivatives) manufactured by Chandra Asri Group for industrial downstream customers in Indonesia.
• Geothermal Power Generation Baseload renewable electricity generated from Salak and Darajat geothermal fields by Star Energy Geothermal (Barito Renewables), with total installed capacity of 910.3 MW feeding Indonesia's national grid.
• Patimban Industrial Estate Industrial estate development and management at the Patimban Industrial Estate (PIE) in West Java, operated by PT Griya Idola, providing competitive industrial areas with provincial government support.

Quantifiable outcome

• 910.3 MW total geothermal installed capacity through Star Energy Geothermal
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SLB and SEGcoreStrategic or Co-development Partner · 7 April 2026Barito Pacific, through its geothermal subsidiary operations, signed a geothermal project agreement with SLB (formerly Schlumberger) and SEG (Star Energy Geothermal Group) for geothermal development strategy collaboration.
• Danantara and INAcoreStrategic or Co-development Partner · 7 April 2026Chandra Asri Group, a Barito Pacific subsidiary, signed the CA-EDC Investment Agreement with Danantara (Indonesia's sovereign wealth fund) and INA (Indonesia Investment Authority) to reduce import dependence through the CA-EDC project.
• STiR EducationminorStrategic or Co-development Partner · 20 October 2024Bakti Barito Foundation collaborated with STiR Education to elevate teacher training and learning outcomes in Garut Regency, West Java.
• Happy Hearts IndonesiaminorStrategic or Co-development Partner · 11 October 2024Bakti Barito Foundation collaborated with Happy Hearts Indonesia to rebuild schools devastated by earthquake in Garut, West Java, using earthquake-resilient materials and recycled plastic bricks.
• KitabisaminorGTM or Marketing Partner · 11 October 2024Bakti Barito Foundation partnered with Kitabisa for digital fundraising campaign targeting Rp 1.4 billion to finance school reconstruction, with Kitabisa providing the crowdfunding platform and digital activation.
• West Java Provincial GovernmentcoreStrategic or Co-development PartnerWest Java Provincial Government signed a joint agreement with PT Griya Idola (a Barito Pacific subsidiary) to support Patimban Industrial Estate development, providing accelerated licensing, fiscal incentives, and infrastructure development.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Braskem: Latin America's largest petrochemical producer focused on olefins/polyolefins; an emerging-market petrochemical peer useful for benchmarking integrated downstream margins and feedstock economics against Chandra Asri.
• Ormat Technologies: Global geothermal power equipment developer and IPP; a focused geothermal peer for benchmarking Star Energy Geothermal's unit-level economics, retrofit capex efficiency and renewable tariff assumptions.

Direct peers

• Indorama Ventures: Thai-listed integrated petrochemicals-to-polyesters producer with similar downstream petrochemical value chain exposure (olefins, aromatics, polymers); comparable for spread-driven margin profile and Asian scale economics versus Chandra Asri.
• PTT Global Chemical: Thailand's flagship olefins/aromatics producer with steam-cracker and downstream petrochemical assets; broadly comparable to Chandra Asri's olefin/aromatic product mix and feedstock flexibility model.
• Pertamina Geothermal Energy: Indonesia's largest geothermal IPP and the operator of much of the country's installed geothermal capacity; directly comparable to Star Energy Geothermal's Salak/Darajat assets for tariff, capacity additions and PLN offtake benchmarks.
• Chandra Asri Asia (pre-merger reference): Chandra Asri Group is Barito Pacific's wholly-owned petrochemical subsidiary and Indonesia's largest integrated petrochemical producer; it is the natural direct comparable for measuring olefin/aromatic spread exposure and cracker utilization economics.
• SCG Chemicals (Siam Cement Group): Thailand-based integrated petrochemicals and polymers producer operating olefins and downstream assets; comparable scale and product-mix exposure to Chandra Asri's petrochemical stream.

Broad incumbents

• Reliance Industries (Petrochemicals): Indian integrated conglomerate with one of the world's largest refining-to-petrochemicals complexes; a broad incumbent analogue for how an integrated energy model can scale petrochemical earnings during favourable spreads.
• Pertamina: Indonesian state-owned integrated energy major operating across upstream, refining, petrochemicals and geothermal; the closest domestic analogue to Barito Pacific's diversified integrated energy model, with overlap in petrochemicals (via Pertamina Patra Niaga/downstream) and geothermal (Pertamina Geothermal Energy).

Regional players

• LOTTE Chemical: Korean integrated petrochemicals producer with significant olefin and aromatics capacity across Asia; serves as an Asian capacity-adding peer relevant for tracking global cracker oversupply dynamics that affect Chandra Asri's spreads.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/BaritopacificID
• YouTubeyoutube.com/channel/UC-ICBYbenwbgfePwceZhhEw
• Facebookfacebook.com/baritopacific.id
• LinkedInlinkedin.com/company/pt-barito-pacific-tbk-official
• Instagraminstagram.com/baritopacific.id

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

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 Barito Pacific