Chandra Asri tones down impact of fire on its furnace

JAKARTA (RambuEnergy.com) – PT Chandra Asri Petrochemical Tbk (CAP), Indonesia’s largest petrochemical company, said the recent fire on one of its plant furnace 101 has limited impact on the company’s overall production.

Vice President Corporation Relation of Chandra Asri Suhat Miyarso claimed that the supply to its customers remains safe as the company can utilize its stocks. At present, the company is assessing the impact of the fire.

At present, the company has nine furnace to process Naphtha with volume of 860,000 tons per annum, therefore, the damage of one of its furnace caused by the fire has limited impact on the overall production.

In this facility, naphtha is processed into olefin, which then processed into plastic resin, such as polypropylene (PP) and polyethylene (PE).

He said the fire, which occurred on Saturday (June 10) at around 5 pm, on the furnace was immediately contained within 30 minutes, and did not force the company shut down the whole plant, located in Cilegon, Banten in the western tip of Java Island.

Chandra Asri is currently embarking on major expansion, with a plan to invest additional US$6 billion by 2021. The whole project is expected to be fully completed by 2026.

In the first phase, Chandra Asri plans to invest up to US$1.6 billion to develop ethylene plant. It will also add the capacity of its butadiene capacity by 37%, PP by 400,000 tons per annum and naphtha cracker with capacity of 1 million tons per annum. (*)

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