Jakarta – BPI Daya Anagata Nusantara (Danantara), in collaboration with Indonesia Investment Authority (INA) and PT Chandra Asri Pacific Tbk (Chandra Asri Group), has forged a strategic partnership to build a chlor alkali–ethylene dichloride (CA-EDC) plant valued at $800 million (approximately Rp13 trillion).
The partnership was formalized through a Memorandum of Understanding (MoU), reflecting a joint commitment to strengthen national industrial resilience, reduce reliance on chemical raw material imports, and accelerate downstream industrialization as part of Indonesia’s long-term economic transformation.
Erwin Ciputra, President Director of Chandra Asri Group, described the project as a milestone supporting national industrial self-reliance.
“This collaboration builds a solid foundation to drive sustainable industrial development and national economic growth,” he stated in Jakarta.
The plant’s ethylene dichloride production is targeted for export, potentially generating up to Rp5 trillion in foreign exchange annually. The plant is also expected to reduce caustic soda imports by approximately Rp4.9 trillion each year.
The facility will be managed by PT Chandra Asri Alkali (CAA), a subsidiary of Chandra Asri Group. The first phase includes production capacity of 400,000 tons of solid caustic soda (equivalent to 827,000 tons liquid) and 500,000 tons of ethylene dichloride, with subsequent phases focusing on increasing Chlor-Alkali capacity and chlorine derivative products.
Pandu Sjahrir, Chief Investment Officer at Danantara, emphasized the project’s role in enhancing national resilience.
“This investment strengthens national resilience by reducing dependence on imports of key products like caustic soda and ethylene dichloride. At Danantara, we welcome global partnerships with shared vision to build a robust, high-value industrial ecosystem amid Asia’s economic dynamics,” he said.
Meanwhile, INA CEO Ridha Wirakusumah added that the collaboration aligns with INA’s mandate for long-term investment.
“This partnership strengthens Indonesia’s competitiveness and resilience on the global economic stage,” he remarked.
