JAKARTA – The company owned by Prajogo Pangestu, PT Chandra Asri Pacific Tbk (TPIA), through its subsidiary PT Chandra Daya Investasi (CDI), secured a seven-year term loan worth IDR 2 trillion from PT Bank Danamon Indonesia Tbk (BDMN) at the end of February.

The loan proceeds will be used to fund strategic and sustainable infrastructure projects.

Suryandi, Director of TPIA, stated that one of the strategic projects Chandra Asri is focusing on is the Chlor Alkali Ethylene Dichloride (CA-EDC) plant in Cilegon, which has been included in the list of National Strategic Projects (PSN).

“With an annual production capacity of 400,000 tonnes of caustic soda and 500,000 tonnes of ethylene dichloride, this facility aims to reduce Indonesia’s dependency on chemical imports,” Suryandi said in a press release on Monday (17/3).

Caustic soda (NaOH) will support the alumina refining, nickel refining, and electric vehicle battery industries, while EDC is a key material in PVC production for the construction sector.

In addition, the investment through CDI will be used for renewable energy development, sustainable water management, energy efficiency, and other green asset initiatives.

This aligns with TPIA’s commitment to sustainability and energy transition. One step in this effort is the investment in Biofront used cooking oil (UCO) collection unit, named TUKR, which processes used oil into green fuel, including sustainable aviation fuel (SAF). (DK/ZH)