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05 - 05- 2021

05 - 05- 2021

Distribution of Food Packages for Communities Affected by COVID-19

Distribution of Food Packages for Communities Affected by COVID-19
05-05-21

Distribution of Food Packages for Communities Affected by COVID-19

To boost economic recovery for local communities affected by the COVID-19, PT Chandra Asri Petrochemical Tbk distributed 2,000 food packages containing a total of 5,000 kg of rice produced by local farmers in the Serang Regency.

These basic food packages are distributed in stages on 5-11 May 2021 to the DKI Jakarta Integrated Waste Management Unit, Jakarta Recycle Center officers, the Indonesian Scavenger Association, the Sehati Maju Bersama Self-Help Group, communities around Cilegon City, as well as orphans through several mosques and orphanage foundations in Jakarta and Bogor.

19 - 04- 2021

19 - 04- 2021

The Partnership of Chandra Asri and Hana Bank to Close Market-Leading Sustainability-Linked Green Loan

The Partnership of Chandra Asri and Hana Bank to Close Market-Leading Sustainability-Linked Green Loan
19-04-21

The Partnership of Chandra Asri and Hana Bank to Close Market-Leading Sustainability-Linked Green Loan

On 19 April 2021, PT Chandra Asri Petrochemical Tbk partnered with PT Bank KEB Hana Indonesia (Hana Bank) to facilitate a US$13 million Green Loan, specifically for the sustainability project that Chandra Asri had completed in its plant in Cilegon, Banten. This innovative and unsecured financing will be used to finance the Company's capital expenditures and other costs related to the completion of sustainability projects that have been carried out.

The two finalized projects that have qualified for the facility are the construction of the Enclosed Ground Flare (EGF) and the roll-out of Electrical Forklifts (E-Forklifts) by Chandra Asri. EGF is capable of burning 220 tons of hydrocarbons per hour completely using a closed combustion method. By replacing the conventional flare, Chandra Asri will be able to reduce noise levels by up to 30% and eliminate heat and light emissions, without any smoke discharge.

The second completed green project was to replace conventional combustion forklifts with electrical forklifts. It has zero emissions and on an annualized basis will reduce 69,455 kg of LPG, save 165,360 liters of diesel, cut 446,472 metric kilograms of carbon dioxide, and fully eliminate nitrogen oxide exhaust.

15 - 04- 2021

15 - 04- 2021

Annual General Meeting of Shareholders (AGMS) 2021

Annual General Meeting of Shareholders (AGMS) 2021
15-04-21

Annual General Meeting of Shareholders (AGMS) 2021

By implementing strict health protocols, PT Chandra Asri Petrochemical Tbk held an Annual General Meeting of Shareholders (AGMS) for the 2020 Financial Year. Located at Wisma Barito Pacific, Jakarta, the meeting on 15 April 2021 was chaired by Mr. Djoko Suyanto, as President Commissioner and attended by the Board of Commissioners and Directors Chandra Asri in person and virtually.

On this occasion, shareholders approved all the agenda items discussed, including the distribution of cash dividends for the 2020 financial year amounting to 75% of the 2020 net profit of US$51.5 million. The dividend consists of 40% of net income by the company's dividend policy and 35% of the net profit which is a special dividend as a token of the company's appreciation for the support of shareholders during the challenging year 2020.

Although 2020 was a year full of challenges due to the COVID-19 pandemic which affected the Company's overall financial performance, Chandra Asri managed to record a good performance. This is marked by several major achievements in 2020, including the operation of the two units of the first MTBE and Butene-1 plants in Indonesia to increase exports and import substitution. The company also reported sales volume growth from 1.9 million tonnes in 2019 to 2.2 million tonnes in 2020.

07 - 04- 2021

07 - 04- 2021

Chandra Asri Inaugurates PAUD Cahaya Bintang in Serang Regency

Chandra Asri Inaugurates PAUD Cahaya Bintang in Serang Regency
07-04-21

Chandra Asri Inaugurates PAUD Cahaya Bintang in Serang Regency

On 7 April 2021, PT Chandra Asri Petrochemical Tbk in collaboration with the Happy Hearts Indonesia Foundation (HHI), inaugurated the construction of a PAUD building that were previously unsuitable for teaching and learning activities in the Serang Regency area. Located in Kamurang Pal Village, Grogol Indah Village, Anyar District, Serang Regency, PAUD Cahaya Bintang has stood firm after going through a rebuilding process for approximately four months. The inauguration was also attended by representatives of the Serang Regency Education Office, HIMPAUDI Anyar District and government officials at the Anyar District and Grogol Indah Village.

Along with the inauguration activity, Chandra Asri also donated books to the PAUD Cahaya Bintang, in line with the Literacy Corner program, which aims to open access to reading for school-age children. The school building of the PAUD Cahaya Bintang, which has now been established, is equipped with supporting facilities and playing facilities for students, as well as proper sanitation facilities, which are expected to be the initial capital for teachers and students to gain knowledge.

12 - 03- 2021

12 - 03- 2021

Distribution of Food Packages for Mangunreja Community

Distribution of Food Packages for Mangunreja Community
12-03-21

Distribution of Food Packages for Mangunreja Community

PT Chandra Asri Petrochemical Tbk contributed to handling COVID-19 for the community around the Company's operational area in Mangunreja Village by distributing food packages. Symbolically, the 500 food packages were handed over by Chandra Asri's management representative to the Head of Mangunreja Village. The distribution of this food assistance has been carried out on 12 March 2021 while adhering to health protocols, which are maintaining a safe distance, wearing masks, and washing hands.

Each food package which includes 2.5 kg of rice, 1 kg of sugar, 1 kg of wheat flour, 2 liters of cooking oil and 5 pieces of instant noodles has been distributed to 500 families in Pengoreng, Cibaga, and Mangunreja Village.

10 - 03- 2021

10 - 03- 2021

Inauguration of Curug Bandung Bridge in Lebak District

Inauguration of Curug Bandung Bridge in Lebak District
10-03-21

Inauguration of Curug Bandung Bridge in Lebak District

As its continuous commitment to be a growth partner for the Banten Province community, PT Chandra Asri Petrochemical Tbk with Village Volunteer Foundation (Yayasan Relawan Kampung) and Lebak Regency Government inaugurated an iron girder suspension bridge in Curug Bandung Village, Sukamulya, Cibeber, Lebak on 10 March 2021. After approximately three months of construction, the 60m x 1.6m long bridge is ready to be accessed by the surrounding community.

The bridge adopted a new design from the Ministry of Public Works and Housing (PUPR) with a single pole. It was launched under the name JUDESA (Bridges for Villages). This method is very effective because of the specific and mountainous contours of the land, such as in Curug Bandung Village.

The Curug Bandung bridge is the fourth bridge that has been built by the Company, in the Banten Province area, and the second bridge in Lebak Regency. The inauguration of this bridge is hoped to increase access to community mobility in education, health, economics, and social society.

04 - 03- 2021

04 - 03- 2021

Supporting the School Literacy Movement, Chandra Asri Implements the Literacy Corner Program

Supporting the School Literacy Movement, Chandra Asri Implements the Literacy Corner Program
04-03-21

Supporting the School Literacy Movement, Chandra Asri Implements the Literacy Corner Program

The level of student literacy in Indonesia is still very low and uneven. Based on the study of literacy infrastructure in schools about the implementation of the School Literacy Movement (GLS), many schools have not met the standards in literacy facilities and infrastructure such as books, bookshelves, libraries, and the methods used by each school and teacher in improving student literacy in school.

As an effort to support GLS and also increase literacy in schools around ring 1 of the company, PT Chandra Asri Petrochemical Tbk will continue the Literacy Corner program in 2020. On this occasion, the Literacy Corner appointed five schools in the Chandra Asri’s plant area in Cilegon and five schools in the plant area in Puloampel as beneficiaries of this program. Chandra Asri donated 835 books and eight bookshelves to support literacy infrastructure in schools.

22 - 02- 2021

22 - 02- 2021

Supporting Chandra Asri’s Export Growth, DBS Bank Provides US$60 Million Structured Trade Facility

Supporting Chandra Asri’s Export Growth, DBS Bank Provides US$60 Million Structured Trade Facility
22-02-21

Supporting Chandra Asri’s Export Growth, DBS Bank Provides US$60 Million Structured Trade Facility

On 22 February 2021, PT Chandra Asri Petrochemical Tbk received a US$60 million structured trade facility from DBS Bank. This trade facility is given to Chandra Asri’s subsidiary, Chandra Asri Trading Company Pte. Ltd. (CATCO), to expand export growth of petrochemical products from Indonesia.

While trade facilities are usually straightforward, DBS Bank’s structured trade facility integrates a combination of trade products to deliver a customized solution. It meets the trading needs of the company today and provides the flexibility to Chandra Asri to upgrade the facility quickly as their export growth expands in the future.

08 - 02- 2021

08 - 02- 2021

Through the 2020 Year End Giving Program, Chandra Asri Distributes Variety of Donations to the Banten Community

Through the 2020 Year End Giving Program, Chandra Asri Distributes Variety of Donations to the Banten Community
08-02-21

Through the 2020 Year End Giving Program, Chandra Asri Distributes Variety of Donations to the Banten Community

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.

 

08 - 02- 2021

08 - 02- 2021

Working to Reduce Emissions, Chandra Asri and BYD Operate the Largest Fleet of Electric Forklifts in Indonesia

Working to Reduce Emissions, Chandra Asri and BYD Operate the Largest Fleet of Electric Forklifts in Indonesia
08-02-21

Working to Reduce Emissions, Chandra Asri and BYD Operate the Largest Fleet of Electric Forklifts in Indonesia

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.