$5 billion, Indonesia will build a petrochemical complex, including ethylene, propylene and polyolefins

Chandra Asri Indonesia builds Indonesia Cilegon Second Petrochemical Complex (CAP2), which will produce ethylene, propylene, butadiene, benzene, toluene, mixed xylenes, high density polyethylene (HDPE), low density polyethylene (LDPE) and polypropylene products
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Front-end engineering and design awarded to Toyo Engineering, Samsung Engineering, Wood Group and Haskoning
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Recently, Indonesia's Chandra Asri reported that it has awarded contracts for the front-end engineering and design of the Cilegon Second Petrochemical Complex (CAP2) in Indonesia to four companies
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The four companies are Toyo Engineering, Samsung Engineering, Wood Group and Haskoning
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The company plans to make a final investment decision for the CAP2 project in 2022, and the new petrochemical complex is scheduled to start operations in 2026
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The project will be fully integrated with Chandra Asri's existing petrochemical plant in Cilegon, and a new naphtha-based steam cracker will be built to produce ethylene, propylene, butadiene, benzene, toluene, mixed xylenes, High density polyethylene (HDPE), low density polyethylene (LDPE) and polypropylene products
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The LDPE plant will be the first of its kind in Indonesia
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The CAP2 project will increase the company's total petrochemicals capacity from 4.
2 million tonnes/year to over 8 million tonnes/year, the report said
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The cost of the project was previously expected to be around $5 billion
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In July this year, Chandra Asri selected Thai Petroleum as a strategic investor to jointly develop the CAP2 project and completed the rights issue in September
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In October, Chandra Asri also announced a memorandum of understanding with Aramco Trading to secure the supply of raw materials for the complex
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In addition, Thai Petroleum has also committed to supply naphtha and liquefied petroleum gas
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