Continuing the support of 210 tons of liquid oxygen which was previously distributed to various hospitals in Jakarta and Banten, PT Chandra Asri Petrochemical Tbk handed over 100 tons of liquid oxygen to the Provincial Government of Special Capital District of Jakarta. Through the Association of Regional Hospitals (ARSADA), this aid will begin to be distributed on 27 July 2021 in stages over the next two months to various Regional General Hospitals (RSUD) and Regional Special Hospitals (RSKD) in Jakarta.
The handover ceremony was held virtually and witnessed directly by the Governor of Special Capital District of Jakarta Anies Baswedan. On this occasion, Anies Baswedan expressed his appreciation to Chandra Asri for its contribution in handling the pandemic situation.
PT Chandra Asri Petrochemical Tbk continues to invest in environmentally friendly technologies to gradually transition to renewable energy to address issues in the Environmental, Social, and Governance (ESG) aspects. On 22 July 2021, Chandra Asri and TotalEnergies have completed the construction of the second phase of a solar PV (photovoltaic) rooftop installation as per target for Chandra Asri’s plant in Cilegon, Banten. This facility is built to power 15% of the needs of Chandra Asri’s warehouses, laboratory, and office buildings with green power. The site is one of the largest petrochemical facilities in Indonesia and one of the first long-term solar contracts for Chandra Asri.
The facility has been using solar energy since August 2019, and this second solar installation increases the solar power capacity by more than 50% - significantly increasing cost savings and reducing carbon footprint, with an estimate of 1,080 tons of CO2 emissions avoided annually, comparable to removing 230 cars from the road or planting 18,000 trees annually. With a capacity of 1,153 kWp, this facility will generate around 1,500 Megawatt-hours (MWh) of renewable electricity annually.
As a commitment to contribute to patients and hospitals currently in need of medical treatment, PT Chandra Asri Petrochemical Tbk has provided 210 tons of liquid oxygen for hospitals in DKI Jakarta and Banten. This liquid oxygen aid began to be distributed on 15 July 2021.
In supplying the liquid oxygen, Chandra Asri cooperates with PT Air Liquide Indonesia (ALINDO), a gas supplier company for industry and health. This liquid oxygen will be distributed mainly to Chandra Asri's Corporate Social Responsibility (CSR) reference hospital.
The liquid oxygen aid, which is supported by the Ministry of Industry, is planned to be distributed to several units of Mayapada Hospital in DKI Jakarta and other hospitals in Jakarta and Banten which are members of the Indonesian Regional Hospital Association (ARSADA).
As part of the distribution of this aid, a total of 120 tons of liquid oxygen was handed over to hospitals in Banten on 19 July 2021. This aid will be distributed in stages over two months and has been received directly by the Governor of Banten, Dr. H. Wahidin Halim as Chair of the COVID-19 Handling Task Force in Banten.
Continuing its commitment as a growth partner for the people of Banten Province, on 14 June 2021, PT Chandra Asri Petrochemical Tbk inaugurated the Tangkilsari Bridge in Cimanggu District, Pandeglang Regency. The construction of the third bridge by Chandra Asri took about three months and already completed in 2020 with cooperation between the Company, the Indonesian Village Volunteer Foundation (Yayasan Relawan Kampung Indonesia), the local government, and the local community.
Chandra Asri's concern in the construction of the Tangkilsari Bridge was appreciated by Mrs. H. Irna Narulita S.H, M.M as the Regent of Pandeglang who was also attend the inauguration ceremony. According to her, the Tangkilsari Bridge will provide smooth mobility for the community and will certainly have an impact on social, economic, health and education.
In strengthening the national petrochemical industry, on 11 June 2021, PT Chandra Asri Petrochemical Tbk partnered with PT Bank Mandiri (Persero) Tbk (Bank Mandiri), to sign a new term loan and account receivables financing facility agreement with a total equivalent value of IDR5 trillion. This financing will be used to finance the company's daily operations and support Chandra Asri's working capital requirements.
This partnership with Bank Mandiri demonstrates public confidence in Chandra Asri's solid financial profile. Certainly, innovation and collaboration will continue to be carried out with the best partners to provide superior performance for Indonesia.
By still complying with health protocols, on 8 June 2021, PT Chandra Asri Petrochemical Tbk carried out a Community Awareness activity under the theme of "Building Public Awareness on the Importance of Industrial Gas Pipelines Safety and Security, Disaster Emergency Response Management and Utilization of Non-B3 Waste". Located in Mangunreja Village, this activity is carried out regularly every year to build public awareness of the importance of safety and security for industrial gas pipelines, disaster emergency response management, and the use of Non-B3 waste.
With this Community Awareness activity, the community is expected to be able to be more careful and understand the regulations around gas pipelines and be alert if there are calls for evacuation related to potential disasters. In addition, it is hoped that the community can participate in the management of household waste, both B3 and Non-B3.
Witnessed virtually by the President of the Republic of Indonesia Joko Widodo, PT Chandra Asri Petrochemical Tbk became one of 19 companies that started implementing the Gotong Royong COVID-19 Vaccination Program for employees on 18 May 2021. This vaccination is a form of Chandra Asri's support in the success of the national vaccination program to accelerate economic recovery.
In the first phase, vaccinations are for 1,000 Chandra Asri employees out of a total of 4,400 employees and family members. The vaccination activity is planned to be held in stages from May to June 2021 depending on vaccine availability.
On 6 May 2021, PT Chandra Asri Petrochemical Tbk completed the issuance of a 1 Trillion Rupiah Bond. This was the first issuance in 2021 that is oversubscribed due to a strong participation interest across retail, banking, and institutional investors. This aligned with Chandra Asri’s resilience in navigating the COVID-19 pandemic smoothly, to deliver solid financial results and maintain its robust balance sheet. The Company reported the full year 2020 net profit after tax of US$51.5 million and US$85 million in Q1 2021.
The issuance was again rated idAA- from Pefindo, the oldest and the most trusted credit rating agency in Indonesia. Pefindo has assessed that Chandra Asri’s capacity to meet its long-term financial commitments on a debt security, relative to other Indonesian obligors, is very strong. The issuance will be used to fund Chandra Asri’s working capital as the Company prepares for sustained growth to meet the requirements of the domestic Indonesian market.
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.
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.