On 12 September 2019, PT Chandra Asri Petrochemical Tbk (CAP) inaugurates waste recycling facility, known as Zero Waste Management Industry (IPS Masaro for short) in Cilegon. IPS Masaro is concept to encourage the community to change the old conventional way of waste disposal, collect-transport-throwaway to segregate-transport-process, where all waste collected is processed leaving zero waste. Organic waste will be processed into liquid fertilizer and mulch, meanwhile the non-organic waste will processed into fuel and waste with no economic value will go into an incinerator, where plastic waste is processed into fuel in high temperature, and into pyrolysis machine which also produces fuel to operate machine in IPS Masaro.
This facility was built by a solid partnership among Indonesia Olefin, Aromatic and Plastic Industry Association (INAPLAS), Institut Teknik Bandung (ITB), the regional government and the local communities in implementing Masaro. Among the three pyrolysis machines in IPS Masaro, one gas-fueled machine is a modification by an 11th grade volunteer named John Leiman from Jakarta Intercultural School. CAP welcomes and appreciates John’s enthusiasm and contribution, through his work with the smaller scale pyrolysis machine in IPS Masaro.
IPS Masaro will process household waste from approximately 1000 families, with waste segregation conducted by the members of families at home. Separated waste will be exchanged with incentives of daily household products obtained at the Masaro facility regularly.
As a pleasant form of education on the proper waste management system, PT Chandra Asri Petrochemical Tbk joined Jak-Japan Matsuri Festival 2019 event to socialize Let’s Segregate Our Waste, Like Japanese Culture. CAP presents a booth that contains exciting games for two days, 7-8 September 2019. This friendly relations festival between Indonesia and Japan held at the Gelora Bung Karno Plaza, Jakarta, is crowded with young people who are the main target in behavior change in waste management.
On 6 September 2019, Chandra Asri and PT Styrindo Mono Indonesia (SMI), a subsidiary of PT Chandra Asri Petrochemical Tbk, won the Gold Award at Awarding Night of Indonesian Sustainable Development Goals Awards (ISDA) organized by Corporate Forum for Community Development (CFCD). ISDA is an appreciation event for companies that are considered in empowering the community through CSR programs that are in line with Sustainable Development Goals (SDGs).
This award is a proof of company commitment in developing CSR programs that are sustainable and in line with SDGs values in order to achieve global development goals.
On 29 August 2019, PT Chandra Asri Petrochemical Tbk signs a Momerandum of Understanding (MoU) with Banten Regional Police (Polda) on building construction Banten Police Headquarter (Mapolda). The signing was represented by Mr. Suryandi, as the Director of CAP. Previously in 2015, CAP also supported Polda Banten with donation of 10 motorcycle units to support police operations in keeping public safety and comfort.
This support is to help Banten Police enhance its public service, as part of CAP’s commitment to be Banten Province’s growth partner.
On 13-16 August 2019, CAP invited Bond Investors/ VIP Bondholders to Bangkok as a token of appreciation for their participation in the issuance of Shelf Registration Bonds II Chandra Asri Petrochemical Phase II Year 2019 in the amount of Rp750 billion last May. This VIP Trip is part of Chandra Asri Bond Club's loyalty program to maintain better relationships, participation levels, and trust from Chandra Asri bondholders.
In 25 July 2019, PT Chandra Asri Petrochemical Tbk (CAP) represented by Bapak Suryandi, the company’s Director, received 3rd place award of Indonesia Best Public Companies by SWA Magazine. This award main indicator was Wealth Added Index (WAI), that is a benchmark towards issuers with ability to return share price gains and dividends, more than its cost of equity, to its investors.
Every year, SWA Magazine releases 100 Best Wealth Creator companies in Indonesia (SWA 100). This year’s award that CAP received indicates improvement by five ranks, from ranking 8 received in 2018. CAP is also the only non-bank companies that ranked Top 5 in SWA 100, year 2019.
On 24 Juli 2019, Mubadala, OMV, Chandra Asri Petrochemical have signed a Memorandum of Understanding to explore opportunities for collaboration in the petrochemical sector in Indonesia. The Memorandum of Understanding documents the intention to explore potential opportunities for collaboration in the area of petrochemicals in Indonesia. The companies will set up working groups to jointly define a schedule for the evaluation of the opportunities.
The signing of the agreement was witnessed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Excellency Joko Widodo, President of the Republic of Indonesia. The agreement was signed by Mr. Musabbeh Al Kaabi, CEO of Petroleum & Petrochemicals Mubadala Investment Company, Dr. Rainer Seele, CEO of OMV and Erwin Ciputra, President Director of PT Chandra Asri Petrochemical Tbk and PT Chandra Asri Perkasa.
This collaboration is one proof of the company's commitment to serving Indonesia’s promising market potential, and supporting the country’s demands for growth, economic prosperity and industrialization.
On 17-19 July 2019, PT Chandra Asri Petrochemical Tbk participated in annual exhibition Indo Water 2019 which held in Jakarta Convention Center. One of CAP’s highlight product in the event is Asrene SP4808. This High Density Polyethylene (HDPE) plastic pellet is the key material to high pressured drinking water pipe whose the supply is still dominated by imports. Through this product champion, CAP is ready to compete for domestic demand. With the capacity addition from new Polyethylene plant for 400 KTA that will operate in Q4 2019, CAP optimist to be able to support government in meeting the needs of value-added and high durable products for national infrastructure development project, especially for drinking water pipe raw material.
For Asrene SP4808 Fact Sheet Product download here
On 27 May 27 2019, PT Chandra Asri Petrochemical Tbk officially granted a land in Anyer for Research and Development Ministry of Industry (Ministry of Industry) for the construction of the Petrochemical Polytechnic. The manuscript for collaborating was signed by Mr. Suhat Miyarso, VP of Corporate Relations CAP who attended with Mr. Abraham Sinatrawan, Department Manager of CSR CAP and Mr. Haris Munandar as Secretary General of the Ministry of Industry. The two-hectare grant land which is approximately 3-4 kilometers from the location of the CAP plant will be used for the construction of the Polytechnic with a special study program in the field of petrochemical. When it’s done, CAP also helps organize the curriculum, provides work facilities and internships, assigns the best employees to become lecturers and will prioritize the development of polytechnics to be able to work in CAP.
CAP received Energy Management Insight Award in the event of Energy Management Leadership Awards held by Clean Energy Ministerial, an international organization that promote policies and share best practices to accelerate transition to clean energy. CAP is appointed by Indonesian’s Ministry of Energy and Mineral Resources (ESDM) to be one of three organizations to represent the country in this international and prestigious event. Energy Management Insight Award received by CAP, is a result of good energy management program implementation that is in accordance with the obtained ISO 50001 certificate. The panel for this award consist energy experts from various industries and G20 countries.