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  • 1992

    Commenced Polypropylene plant commercial production, comprising 2 trains with initial capacity of 160 kilotonnes per annum (KTPA).

  • 1993

    Completion of de-bottlenecking to increase the capacity of Polypropylene plant to 240KTPA.

  • 1995

    Completion of train 3, increasing Polypropylene plant capacity to 360KTPA.

    Commenced Ethylene Cracker commercial production with the capacity of 520KTPA.

  • 2003

    Development of Mixed C4 products commercially.

  • 2006

    Temasek acquired indirect 30% ownership of PT Chandra Asri in January 2006.

  • 2007

    Added an extra furnace to increase Ethylene production by 80KTPA to 600KTPA and added pipeline network by 25km to 45km.

    Acquired 100% shares of SMI.

  • 2010

    The initial Senior Secured Guaranteed Notes amounted to US$230 million in February 2010.

  • 2011

    Merger of PT Chandra Asri and PT Tri Polyta Indonesia Tbk which was effective on 1 January 2011.

    Commenced construction of the first Butadiene plant in Indonesia in August 2011.

    Completion of de-bottlenecking of Polypropylene Plant in April 2011, to increase capacity to 480KTPA.

    SCG Chemicals Co., Ltd. acquired 30% of the Company’s shares in September 2011.

    Obtained Syndicated Loan Facility amounted to US$150 million to finance Butadiene project in November 2011.

  • 2012

    Obtained a loan amounted to US$220 million from Bangkok Bank Public Company ltd. and Siam Commercial Bank Public Company Ltd.

    Refinancing of Senior Secured Guaranteed Notes which was initially issued by the Company’s subsidiary, Altus Capital Pte., Ltd.

    PBI obtained a Tax Holiday facility from the government to operate its business in relation with the construction of Butadiene plant.

  • 2013

    Establishment of SRI, a joint venture company owned together by PBI and Michelin, a strategic partnership in synthetic rubber business.

    Signed a cooperation contract of EPC for the construction of the Company’s Naphtha Cracker with Toyo Engineering Corporation.

    Completion of Butadiene plant construction.

    The shareholders approved the Limited Public Offering I of the Company’s Shares with Preemptive Rights (rights issue). The Company obtained US$127.9 million from rights issue proceed.

    Obtained a Term Loan Facility from banks amounted to US$265 million to finance Cracker expansion.

  • 2015

    SRI signs an EPC cooperation contract with Toyo Engineering Corporation and PT Inti Karya Persada Tehnik for the development of synthetic rubber plant facilities.

    The completion of capacity expansion project of the Naphtha Cracker up to 860KTPA and Turn-Around Maintenance (TAM).

  • 2016

    Signing of a license agreement with Univation Technologies, to use the UNIPOL Polyethylene Process for a new Polyethylene plant.

    Obtained Unsecured Working Capital Facility from Kaskornbank Thailand, amounted to THB4 billion (~US$110 million).

    Obtained corporate rating of “idA+” from PEFINDO.

    Moody’s Investors Service upgraded the corporate family rating from B2 to B1.

    Standard & Poor’s Ratings Services revised the Company’s rating outlook from stable to positive, B+.

    Signing of Single Currency Term Facility Agreement amounted to US$199,800,000 for the refinancing of loan in the amount of US$265 million.

    Public Offering of Chandra Asri Petrochemical I Bonds Year 2016 amounted to Rp500 billion.

  • 2017

    Limited Public Offering II with Pre-emptive Rights Issue Rp5.03 trillion.

    Senior Unsecured Notes issuance US$300 million.

    Stock split with ratio of 1:5.

    Shelf Registration Bonds I Chandra Asri Petrochemical Stage I Year 2017 of Rp500 billion.

    S&P revised rating outlook B+ (developing).

    Moody’s upgraded rating to Ba3 (stable).

    Fitch assigned rating BB- (stable).

    PEFINDO upgraded rating to idAA- (stable).

  • 2018

    Groundbreaking of the new Polyethylene plant construction with the capacity of 400KTA.

    Shelf Registration Bonds I Chandra Asri Petrochemical Stage II Year 2018 of Rp500 billion.

    Selection of technology licenses for the construction of the second petrochemical complex.

    The appointment of Toyo Engineering Corporation and Inti Karya Persada Tehnik as EPC contractors for MTBE and Butene-1 plant project.

    Completed the expansion of Butadiene plant capacity to 137KTA.

    Obtained Working Capital Credit Facility amounted to US$120 million from Bank Mandiri.

    Completed the construction of SRI’s synthetic rubber plant with a capacity of 120KTA.

    The appointment of Lummus Technology to design the cracker furnace of the second petrochemical complex.

    Obtained Unsecured Export Credit Facility from Japan Bank for International Cooperation, Nippon Export and Investment Insurance, and BNP Paribas.

    Shelf Registration Bonds II Chandra Asri Petrochemical Stage I Year 2018 of Rp500 billion.

    Implementing the sustainability initiative, Plastic Road

  • 2019

    Collaborate with Total Solar to use solar cell as renewable and eco-friendly energy.

    Approved business merger between Chandra Asri and PT PBI.

    Completion of a new Polyethylene plant construction in Cilegon with capacity of 400KTA.

  • 2020

    Commenced the operation of Enclosed Ground Flare (EGF), a smokeless flare technology with a total investment of US$14 million.

    Built the MTBE & B1 plants, first of their kind in Indonesia to support the Indonesian Government target to substitute import by 35% until 2022.

    Develop the first digital twin system in its plant in collaboration with Siemens and Bentley.

    Completed the issuance of a 1 Trillion Rupiah Bond which was 100% fully subscribed. It is the largest IDR bond issuance executed by the Company to date.

  • 2021

    Partnering with Ecolab to encourage the improvement of the Company’s environmental management.

    Operate a fleet of forklifts in collaboration with BYD; the largest forklift fleet ever supplied by BYD in Indonesia.

    Installed the second solar panel at the Company’s plants in Cilegon, in collaboration with TotalEnergies

    Conducted COVID-19 vaccination activities for employees and the general public.

    Inaugurated the ASARI Integrated Waste Management Industry (IPST) in Cilegon in the framework of implementing a circular economy through community empowerment.

    Selected Thai Oil Public Company Limited (Thaioil) as Strategic Investor for the development and construction of the second global integrated petrochemical complex by a subsidiary, namely PT Chandra Asri Perkasa (CAP2).

  • 2022

    Splitting shares value from IDR 200 per share to IDR 50 or with a ratio of 1:4.

    Received an overall Environmental, Social and Governance (ESG) Risk Rating score of 17.7 from Sustainalytics

    Signed a Conditional Shares Sale and Purchase Agreement (CSPA) and Shareholders Agreement (SHA) for two subsidiaries owned by PT Krakatau Sarana Infrastruktur (“PT KSI”), namely PT Krakatau Daya Listrik (“PT KDL ”) and PT Krakatau Tirta Industri (“PT KTI”).

  • 2023

    Chandra Asri officially owned 70% shares of PT Krakatau Daya Listrik (“PT KDL”) and 49% shares of PT Krakatau Tirta Industri (“PT KTI”), with a total value of Rp 3.24 Trillion.

    Exploring opportunities for collaboration with the Indonesia Investment Authority (INA) and other potential international investors to build PT Chandra Asri Alkali (CAA), a world-scale integrated chlor-alkali and ethylene dichloride plant (CA-EDC Plant).

    Chandra Asri operated the first 2 EV buses from Mobil Anak Bangsa (MAB) to reduce emissions in the industrial transportation sector.

    Partnered with BRI to provide the first financing facilities for polymer transaction in Indonesia for Chandra Asri's customers in the domestic market.

    Announced the new Vision and Mission that reflect Chandra Asri’s sharpened focused for the future.

  • 2024

    Changed the company name from PT Chandra Asri Petrochemical Tbk to PT Chandra Asri Pacific Tbk