MOSCOW (MRC) -- PT Chandra Asri Petrochemical (CAP), one of the largest integrated petrochemical companies in Indonesia, is in plans to announce its final investment decision (FID) for its second petrochemical complex in Indonesia (CAP2) in 2022, according to CommoPlast with reference to the company's official statement on its website.
CAP has already appointed four contractors to carry out the front-end engineering design (FEED) for its second petrochemical plant in Indonesia (CAP2). These contractors are Toyo Engineering Corporation, Samsung Engineering Co., Ltd., Wood, and PT Haskoning Indonesia.
Once completed, the company would enter the second stage of the project by selecting engineering, procurement, and construction (EPC) contractors.
Chandra Asri has been planning to build the second petchem complex since 2018 to meet the growing domestic demand, reducing the country’s need to rely on the import market.
The initial plan is for CAP2 to construct a cracker with an annual output of 1.1 million tons/year of ethylene, 600,000 tons/year of propylene, 175,000 tons/year of butadiene, and 363,000 tons of benzene. The downstream units include an high deiisty polyethylene (HDPE) line with an annual output of 450,000 tons/year, a 300,000 tons/year low density polyethylene (LDPE) line, and a 450,000 tons/year of polypropylene (PP).
As MRC reported earlier, in H1 July, 2020, CAP, one of the largest petrochemical producers in Indonesia, received commercial products at its linear low denisty polyethylene (LLDPE)/high density polyethylene (HDPE) plant in Cilegon (Indonesia) and started ramping up its capacity utilisation. On May 22, the company was forced to reduce the capacity utilisation at this plant with a capacity of 400,000 mt/year of LLDPE/HDPE due to various technical issues.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,047,100 tonnes in the first ten months of 2021, up by 17% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,226,530 tonnes in January-October 2021, up by 26% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding stat-copolymers of propylene (PP random copolymers) decreased significantly.
Thailand's Siam Cement Group (30%) and Indonesian PT Barito Pacific and (64.87%) are the main owners of Chandra Asri.
MRC