As part of the distribution of the 2020 Year End Giving program, PT Chandra Asri Petrochemical Tbk provided a variety of assistance to the people of the Banten area through the Indonesian Red Cross (PMI) and the Regional Disaster Management Agency (BPBD) of Cilegon City, Serang Regency, and Pandeglang Regency in the context of preventing and handling COVID-19 as well as other general social assistance.
A total of 6 multipurpose tents were handed over to PMI and BPBD, Serang District, Cilegon City, and Kab. Pandeglang. This assistance was also given along with regular donations of 500 pcs of rapid test kits and 500 pcs of masks from the company.
Through consistent responses in helping and developing the Banten community, Chandra Asri received an award from Ms. Ratu Tatu Chasanah as the Regent of Serang as a company that consistently cares for and responds to disaster emergencies.
On 8 February 2021, PT Chandra Asri Petrochemical Tbk has partnered with BYD, the global leading manufacturer of electric automobiles, to roll out 53 units of pure electric forklifts, which is Indonesia’s largest electric forklift fleets to date supplied by BYD. The purchases initiated in 2020 have now been fully completed. This investment in electric vehicles is Chandra Asri's real step to focus on sustainability and the principles of Environment, Social, and Governance (ESG), as well as being committed to reducing fossil fuel consumption and reducing emissions from the transportation and mobility side of the Company.
The new e-forklift fleet that is powered by lithium batteries underpins Chandra Asri’s focus on Sustainability, to build a sustainable transportation system, save operational costs and improve its ability to tackle climate change. Each year, the fleet will reduce 69,445 kg of liquified petroleum gas (LPG), save 165,360 liters of diesel (solar), cut 446,472 metric kilograms of carbon dioxide, and eliminate nitrogen oxide exhaust.
As Indonesia’s largest petrochemical producer, on 2 February 2021, PT Chandra Asri Petrochemical Tbk continues its partnership with Total Solar DG to build a second solar panel or photovoltaic (PV) installation in the former Cilegon plan. The rooftop PV installation will power Chandra Asri’s warehouses, laboratory buildings, and charging stations for electrical forklifts, reducing up to 438 tons of CO2 emissions. It is set to produce an addition of 554 megawatt-hours of solar-powered electricity which represents an equivalent of 40 household consumption and will allow saving as much CO2 as planting almost 7,000 trees.
This second solar panel installation is a form of Chandra Asri’s commitment to reduce the carbon footprint generated in each operational area to minimize its impact on the environment. The project follows successful commissioning of Chandra Asri’s first solar system, which was built and commissioned by Total Solar DG in 2019 and has been able to produce 935 megawatt-hours of energy to power Chandra Asri’s office buildings in Cilegon.
On 2 February 2021, PT Chandra Asri Petrochemical Tbk distributed aid in the form of 100 food packages to flood-affected communities in Patia District, Pandeglang Regency. Located at the Patia District Office, the distribution was carried out by representatives of the Chandra Asri CSR team and received directly by Mr. Cecep Rohman as the Head of Patia Sub-district. This assistance is one of the fund allocations collected from donations from Chandra Asri's employees in the Year End Giving 2020 program.
Together with PMI Banten Province, PMI Pandeglang Regency, and PMI Patia Subdistrict as the distributor of assistance provided by the company, the CSR team took part in the distribution of 50 food packages for residents in one of the most affected villages, namely Idaman Village. This food package includes 2.5 kg of rice, 2 liters of cooking oil, 1 kg of sugar, 5 pcs of instant noodles, and 1 kg of wheat flour, and is packaged using a non-woven bag made from the company's product, PP Trilene HS35NW. Apart from Idaman Village, this food package was also distributed through PMI to another most affected area, namely Ciawi Village, with a total of 50 food packages.
On 27 January 2021, the CSR team representing the company visited the Rumah Pintar Yatim & Dhuafa Al-Ikhlas Foundation, assisted by Mr. Heru Wahyono who is an employee of Chandra Asri. In addition to serving as the Board of Trustees, Mr. Heru also gave his house for the activities of the Rumah Pintar Foundation which has become a place to learn for around 40 orphans and children living around the Grand Pesona, Kertasana Village, Bojonegara District.
As a support for the social activities carried out by employees, the company also provides assistance in the form of educational supplies consisting of reading books (general and religious), Al-Quran, carpets, printers, standing boards, and 200 masks to support teaching and learning activities.
On 11 January 2021, PT Chandra Asri Petrochemical Tbk has partnered with Ecolab, the global leader in water solutions and services, to implement its state-of-the-art Green Chemistry technologies, to embed world-class safety and environmental standards. The partnership reaffirms Chandra Asri’s commitment to Sustainability, and reiterates the importance of Environmental, Social and Governance factors in the Company’s strategy and DNA.
The deployment of Green Chemistry matched with local and global expertise will deliver continuous improvement to Chandra Asri’s environmental performance. On an annualized basis, it will reduce 92.2 million gallons of water consumption, save 6 million kilowatt hours of energy, mitigate 2100 metric tonnes of carbon dioxide, lower wastewater production by 472,000 tonnes, and cut down Nitrogen Oxide exhaust gas by 75%.
PT Chandra Asri Petrochemical Tbk provides 15 units of fiber boats and 28 units of ketinting machines to 43 fishermen in Pangaradan Village, Anyar District, Serang Regency, and Tanjung Leneng, Ciwandan District, Cilegon City on 15 December 2020. The ceremony was held on the coast of Pangaradan by implementing the COVID-19 health protocol as recommended by the local government and was attended directly by the Head of the Banten Police, Banten Military Resort Commander, Banten Commander of the Indonesian Navy Base, the Regent of Serang, and other government officials.
On the same occasion, Chandra Asri also distributed assistance in the form of food packages as a form of company concern during the COVID-19 pandemic as well as the west wind season which limits the opportunities for fishermen to go to sea. The company will also invite fishermen to collect plastic waste from the ocean. Furthermore, the waste that has been collected will be further processed using the pyrolysis method into fuel oil (Plast fuel) which can be used as a substitute for gasoline or diesel which can be used by fishermen to go to sea.
On 9 December 2020, PT Chandra Asri Petrochemical Tbk partnered with KASIKORNBANK (Kbank), one of Thailand’s leading bank and a market-leader for Trade Finance, to extend and expand a 1.6 Billion Thai Baht (US$50 million-equivalent) trade finance and committed unsecured revolving credit facility. This is the first ever offshore facility of this type extended by Kbank to a customer outside of Thailand, in recognition of the strong credit quality of Chandra Asri, and to support Indonesia’s economic and domestic industrial growth amid the challenges of the COVID-19 pandemic.
By obtaining this unsecured and committed Trade Finance and Revolving Credit Facility from Kbank, which further boosts the company’s financial resilience, improves cost competitiveness and flexibility, and maintains Chandra Asri’s strong position to continue serving its customers and the domestic markets.
Continuing its commitment to education, every year PT Chandra Asri Petrochemical Tbk targets the construction of a poor condition PAUD school in the Ring 1 area around the company's operations. In 2020, Chandra Asri and the Happy Hearts Indonesia Foundation began the construction of the PAUD Cahaya Bintang with the groundbreaking ceremony on 8 December 2020. PAUD Cahaya Bintang which is located in Kamurang Pal Village, Grogol Indah, Anyar District, Serang Regency is the 4th PAUD to be built. The groundbreaking ceremonial activity was carried out with a limited number of invitations and enforced the COVID-19 protocol.
The construction of the PAUD Cahaya Bintang is targeted to be completed in early 2021. This activity has received direct appreciation from government officials, as a concrete manifestation of the Company's concern for education development in the Anyar District area.
PT Chandra Asri Petrochemical Tbk held an Extraordinary General Meeting of Shareholders (EGMS) by implementing strict health protocols. Taking place at Wisma Barito Pacific, Jakarta, the meeting on 7 December 2020 was attended by the Board of Commissioners and Directors of Chandra Asri.
During the meeting, the merger plan between Chandra Asri and its subsidiary, PT Styrindo Mono Indonesia was approved. The objective of this merger is to create a petrochemical company that is more integrated in Indonesia and ready to compete with the major regional petrochemical players who are largely integrated. The merger, which will be effective on 1 January 2021 is expected to increase the efficiency and effectiveness of the company's business activities.