Chandra Asri Group collaborates with Syekh Nawawi Banten University (USNB) to organize the 'Tanara Clean Up' initiative held in the Tanara Village, Serang Regency, Banten Province on Saturday and Sunday, January 13-14, 2024. The Tanara Clean Up program is part of the Tanara Waste Management initiative, aiming to create a sustainable waste management system by implementing the concept of a circular economy.
Present at the ceremony on Sunday, January 14, 2024, were the Vice President of the Republic of Indonesia, KH Ma’ruf Amin, the Minister of Environment and Forestry of the Republic of Indonesia, Siti Nurbaya Bakar, the Rector of USNB, Dr. Hj. Siti Haniatunnisa, Edi Riva’i Legal, External Affairs, and Circular Economy Director of Chandra Asri Group, and Phuping Taweesarp ESG & Sustainability Director of Chandra Asri Group. The cleanup event, in collaboration with Digital Waste Bank (BSD) as a local partner, successfully collected a total of 2,517.5 kg of waste, consisting of 284.5 kg of inorganic waste, 323.5 kg of organic waste, 42 kg of hazardous waste (B3), and 1,867.5 kg of residual waste.
PT Chandra Asri Petrochemical Tbk has officially changed its Company name to PT Chandra Asri Pacific Tbk (Chandra Asri Group) with the stock code TPIA. This change has officially received approval from the Ministry of Law and Human Rights of the Republic of Indonesia on January 03, 2024 that has received shareholder approval at the Extraordinary General Meeting of Shareholders (EGMS) on December 29, 2023.
This name change was implemented as part of a company’s transformation, in which it is currently intensively diversifying its business portfolio so that it is no longer focused only on the petrochemical sector, but has expanded its business to the chemical sector and infrastructure provision. Thus, changing the name to PT Chandra Asri Pacific Tbk is a strategic step to accommodate changes in broader business focus, strengthening the Company's reputation as a #YourGrowthPartner as the backbone for strategic sectors in the country.
Chandra Asri has held an Extraordinary General Meeting of Shareholders (EGMS) on Friday, December 29 2023 in Jakarta. At this meeting, the Company has agreed to change the Company's Name from PT Chandra Asri Petrochemical Tbk to PT Chandra Asri Pacific Tbk or another name approved by the Ministry of Law and Human Rights of the Republic of Indonesia and the Financial Services Authority.
The meeting also approved the appointment of Mr. Anawat Chansaksoong as Director of Chandra Asri to replace Mr. Nattapong. Chandra Asri expressed his highest appreciation to Mr. Nattapong Tumsaroj for the extraordinary contribution and dedication he has given while serving as Director of Chandra Asri in overseeing Chandra Asri's journey to become a leading chemical company and infrastructure solutions in Indonesia.
Chandra Asri Group has successfully received recognition in the Environmental Performance Rating Program (PROPER) 2023 from the Ministry of Environment and Forestry of the Republic of Indonesia. The Ciwandan petrochemical plant was awarded the Gold predicate, while the Pulo Ampel petrochemical plant received the Green predicate. The Gold predicate was granted in recognition of the company's achievements in eco-innovation, creative solutions, and sustainability. On the other hand, the Green PROPER predicate is a result of the company's efforts in surpassing the required regulatory standards.
The Chandra Asri Group's Ciwandan plant has produced environmentally friendly products that are included in the Swadeklarasi Eco-Label for HDPE and PP products. The company has also implemented innovative changes in components that have increased production and supported energy savings in the Polyethylene Plant reactor system, resulting in a reduction of 4,855,947.073 tons of CO2eq Global Warming Potential (GWP) and an energy efficiency improvement of 12,470.40 GJ. In social aspect, Chandra Asri Group, in collaboration with fishermen, local communities, and the Anyar Village Government, has upgraded community empowerment programs in waste management.
Meanwhile, for the Chandra Asri Group's plant in Pulo Ampel, which successfully maintained the GREEN PROPER predicate, it has produced environmentally friendly products, particularly Styrene Monomer with a waste reduction claim category. The technology employed enables the minimization of waste generated.
Sinar Mas Land and Chandra Asri Group inaugurated the results of their collaboration in building plastic-mixed asphalt roads in BSD City on Wednesday, December 13, 2023. The development of this circular economy-based infrastructure has been started since 2021 in the BSD City area. During this ceremony, the two companies successfully completed the construction of an 8.6-kilometer stretch of asphalt road. The collaborative achievement between Sinar Mas Land and Chandra Asri Group also marks BSD City as the first township in Indonesia to utilize plastic asphalt.
The plastic asphalt road in BSD City is equivalent to utilizing 164.2 million plastic bags or diverting 410.57 tons of plastic bag waste from the landfill. Chandra Asri Group remains committed to addressing plastic waste issues through a circular economy concept. One of our efforts is to initiate the use of plastic waste as a mix for asphalt through a multi-stakeholder collaboration approach, in line with our commitment at the Our Ocean Conference 2018 to implement 100 kilometers of plastic asphalt by 2023.
Chandra Asri Group, Indonesia’s leading chemical and infrastructure solutions company, has secured an investment of US$194 million from Electricity Generating Public Company Limited or EGCO Group (EGCO), a leading independent power producer in Thailand. Following completion, EGCO will hold a 30% stake in Chandra Asri Group’s subsidiary, PT Chandra Daya Investasi (CDI), a special purpose vehicle dedicated for infrastructure solutions.
EGCO Group has been selected as Chandra Asri Group’s chosen partner to support the exponential growth of Chandra Asri Group’s infrastructure business, after a robust and comprehensive strategic investor selection process. This collaboration marks a significant milestone for both companies, combining Chandra Asri Group's expertise in the chemical and infrastructure sector with EGCO's proficiency in power and energy solutions.
Chandra Asri Group will continue to retain a controlling 70% stake in CDI. The net proceeds raised will be used for the development of Chandra Asri Group and EGCO’s infrastructure business, which comprises of energy, water and port facilities.
In order to achieve sustainable waste management, Chandra Asri, in collaboration with the Cilegon City Environmental Agency (DLH), is implementing the concept of a circular economy at the school level in Cilegon City. The collaboration is marked by the signing of a cooperation agreement, in which both parties agree to conduct waste sorting education at the schools in Cilegon City. The activities began with the implementation of a pilot project for waste management education at SMP 5 Cilegon. In this initiative, Chandra Asri also partnered with the Digital Waste Bank to support the implementation of the circular economy concept.
The collaboration between Chandra Asri and DLH Cilegon is expected to drive circular economy-based waste management to be replicated more widely, allowing for the management of a greater amount of waste, especially plastic waste. This initiative will also integrate the waste management facilities of the company, namely the Integrated Waste Management Industry - Overcome Waste, Manage Independently (IPST ASARI). The sorted waste at schools will be processed at IPST ASARI to produce fuel equivalent to kerosene, diesel, and gasoline, referred to as PLUSRI.
Chandra Asri Group supports the national strategic project, the The Cirata Floating Solar PV Plant (PLTS), in fulfilling the Domestic Content Level (TKDN). The company provides raw material for floats for the Cirata Floating PLTS solar panel system using Chandra Asri Group's HD Blow UB5206H resin.
Floaters provide the necessary buoyancy for the solar panels to float on the water's surface. Additionally, they assist in preventing the solar panels from sinking, adapting to changes in water levels, and maintaining stability to prevent the solar panels from tipping over or flipping. The Floating Solar PV Plant that occupies over a 200-hectare reservoir is the first utility-scale project in Indonesia and the largest in Southeast Asia, with a capacity of 192 MWp. The Cirata Floating Solar PV Plant project is part of Indonesia's efforts to increase the share of renewable energy sources (EBT) in the national energy mix, aiming to achieve Net Zero Emissions (NZE).
Presenting a space for every generation to create a positive impact on the environment and society, on Thursday, November 23, 2023, Chandra Asri launched the #IndonesiaAsri campaign. The campaign aims to inspire all stakeholders to collaborate in realizing a beautiful Indonesia in every aspect of life, with the goal of leaving a valuable legacy for future generations.
During the launch of the #IndonesiaAsri campaign, Chandra Asri invited various parties with a greater concern for sustainable living to share insights and experiences in contributing to the environment and society. This includes representatives of students, communities, as well as Asri Citizens, those who have joined as volunteers for #IndonesiaAsri. Through the #IndonesiaAsri initiative, it is hoped that each generation will have the ability to develop and implement sustainable environmental concepts, thus mitigating various risks and providing value to both society and the environment.
Chandra Asri has achieved the Gold award in the Large Organization category for Chemical, Pharmaceutical, Textile, and Mining Goods at the 2023 SNI Awards, organized by the National Standardization Agency (BSN). The Gold accolade received by Chandra Asri is a result of the company's consistent adherence to the Indonesian National Standard (SNI) for product quality and standardization.
This year, business transformation based on Environmental, Social, and Governance (ESG) criteria also played a significant role in the evaluation by the Jury. As a Growth Partner, Chandra Asri has consistently integrated the ESG framework, namely R.E.S.P.O.N.S.I.B.L.E, into the Company's strategy. This has added value to the company both in terms of products and overall business. Organizations that implement ESG are also recognized for engaging in business practices, investments, and policy implementations that align with sustainability.
