PT Chandra Asri Pacific Tbk (“Chandra Asri Group) and Glencore plc (“Glencore”), one of the world’s leading natural resources companies, have entered into a Sales and Purchase Agreement with Shell Singapore Pte. Ltd. (“SSPL”) to acquire all its interest in the Shell Energy and Chemicals Park Singapore (“SECP”).
Following a competitive auction process, CAPGC Pte. Ltd. (“CAPGC”), a joint venture that is majority-owned and operated by Chandra Asri Group and minority-owned by Glencore through their respective subsidiary companies, agreed to acquire SECP which comprises a refinery with processing capacity of 237,000 barrels per day of crude oil, a 1.1 million metric ton per annum ethylene cracker on Bukom island, and downstream chemical assets on Jurong Island.
Pada Rabu, 8 Mei 2024 Chandra Asri menyelenggarakan Rapat Umum Pemegang Saham Tahunan (RUPST) 2023 di Jakarta. Dalam agenda Rapat tahunan ini terdapat 9 (sembilan) mata acara yang dibahas, diantaranya mengenai pembagian dividen, pengembangan bisnis, dan perubahan susunan pengurus Perseroan.
Rapat menyetujui pembagian dividen tunai dengan menggunakan bagian dana dari Laba Ditahan 2021. Rapat juga membahas studi kelayakan atas rencana penambahan kegiatan usaha pembuatan Bag Film Roll serta pemisahan unit kepelabuhanan laut, dermaga dan fasilitas penyimpanan kepada anak perusahaan yang 99,99% sahamnya dimiliki oleh Perseroan, yakni PT Chandra Pelabuhan Nusantara (CPAT).
Chandra Asri Group, along with the Cilegon City Government and the Cilegon City Environmental Agency, has implemented a 146 meters long Plastic Asphalt Road in the Bagendung Final Waste Disposal Site (TPSA) area. This initiative successfully managed 280 thousand sheets of plastic bags collected during the "Hari Peduli Sampah Nasional 2024 Kota Cilegon " event.
Previously, in 2019, Chandra Asri Group and the Cilegon City Government had also completed a 20.2 km road at 36 locations in Cilegon City. Collaboration with the Cilegon City Government in the implementation of plastic asphalt roads will support sustainable waste management in this city.
Chandra Asri Group successfully received three awards at the 16th Annual GLOBAL CSR & ESG SUMMIT AND AWARDS 2024™ organized by The Pinnacle Group International in Hanoi, Vietnam on April 25, 2024. The three award categories won by Chandra Asri Group were the Best CSR & ESG Leadership Award – Platinum Category; Best Community Programme Award – Gold Category; and Best Environmental Excellence Award – Silver Category.
The Global CSR & ESG Summit and Awards 2024™ is the most prestigious CSR and ESG award program in Asia, which has been held since 2008. With the theme "Generating Meaningful Impact, Unlocking Value" this year, the event emphasizes the importance of real and sustainable impact in CSR and ESG practices, through revolutionary strategies, cutting-edge solutions, and collaborative initiatives expected to shape an innovative and sustainable future for CSR and ESG.
PT Chandra Asri Pacific Tbk (Chandra Asri Group) once again provides support to the Mudik Gratis Penuh Berkah Program initiated by the Cilegon City Government. This year, Chandra Asri Group provides support with 3 bus fleets for the routes to Semarang, Solo, and Cirebon. With the company's support, the free homecoming provided by Chandra Asri Group for the people of Cilegon is expected to facilitate participants in celebrating Eid moments with their families in their hometowns.
The joint homecoming departure ceremony took place on Friday, April 5, 2024. Meanwhile, registration for the 2024 Blessing-filled Free Homecoming Program itself was conducted on March 30-31, 2024. A number of free buses supported by industries in Cilegon departed carrying a total of 1,800 residents with Cilegon ID cards to 19 destination cities covering 6 provinces, namely West Java, Central Java, East Java, South Sumatra, Lampung, and West Sumatra.
Chandra Asri Group has signed a memorandum of understanding with Perum Jasa Tirta II (PJT II) to conduct a feasibility study on the potential of green energy through the development of Solar Power Plants (PLTS) and Hydropower Plants (PLTA). This research aims to promote the implementation of Renewable Energy and support Indonesia's target to achieve Net Zero Emissions by 2060.
The energy from these facilities will be distributed, one of which, to the world-class Chlor-Alkali and Ethylene Dichloride (CA-EDC) Plant currently being developed by Chandra Asri Group, with a total electricity capacity requirement of 340 MW. In addition to power generation, this study will also explore the potential development of a Clean Water Supply System in collaboration with Chandra Asri Group.
Chandra Asri Group and BCI Minerals Limited (“BCI”) are pleased to announce the signing of a binding Offtake Agreement. Chandra Asri will use the salt produced at the Mardie Project in the world-scale Chlor-Alkali plant currently being developed in Indonesia. The Offtake Agreement with BCI is for the supply of salt from BCI’s Mardie Salt Project over a three-year term, with Chandra Asri having the right to extend the term for a further 3 years’ subject to certain conditions being met.
Chandra Asri Group have successfully completed its first Rupiah Bond issuance and was noted to be oversubscribed. In this phase, the company offered Rupiah-denominated coupons of 7.95% for the 3-year series A of IDR542.38 billion, 8.25% for the 5-year series B of IDR416.80 billion, and 8.75% for the 7-year series C of IDR540.82 billion. This transaction marks Chandra Asri Group continuous success in tapping the domestic fixed income market, as part of the Company’s Shelf Program IV approved by the Financial Services Authority (OJK), with an aggregate IDR8 trillion funding capacity between 2022 and 2024.
To date, Chandra Asri Group had successfully executed four tranches of its 4th Shelf Program. Phase I in 2022 was closed with a value of IDR2 trillion, followed by Phase II in 2023 of IDR1.25 trillion, Phase III in 2023 of IDR1 trillion, and the latest Phase IV issuance in 2024 of IDR1.5 trillion.
Chandra Asri Group has achieved recognition with a B Score in climate change disclosure by the Carbon Disclosure Project (CDP). CDP is an international non-profit organization that facilitates the disclosure of corporate environmental impact information. CDP has the most extensive environmental database in the world and is considered the gold standard in environmental reporting. CDP ratings are widely used to guide investment choices and procurement towards an economy that embraces carbon-neutral principles, sustainability, and resilience.
Recognition related to the implementation of ESG principles confirms the Company's commitment to managing environmental impacts, responding to climate change issues with proactive measures, and efforts to achieve sustainability. This achievement has also positioned Chandra Asri Group at the forefront of CDP in Indonesia and on par with globally recognized chemical companies.
Chandra Asri Group proudly announces the achievement of the target of 100 km of plastic asphalt roads, which was pursued together with various stakeholders such as the government, private sector, and associations. This significant milestone was celebrated in Garut Regency, where Chandra Asri Group collaborated with Bakti Barito Foundation and Garut Regency Government, contributing to the construction of 50.2 km out of the total 100 km of plastic asphalt roads. The 50.2 km plastic asphalt road was constructed from 2022 to 2023 and successfully managed to handle 431.5 tons of plastic waste from the Landfill (TPA).
By the end of 2023, Chandra Asri Group, along with its partners, had laid 120.8 km of roads with a mixture of plastic waste, surpassing the initial target of 100 km. The total accumulation of these roads created new functions and added economic value for 1,086 tons of plastic bag waste. Furthermore, each kilometer of plastic asphalt road absorbs approximately 1.6 tons of plastic bag waste and provides a reward of increasing road durability by up to 40%.
