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Chandra Asri: Top Petrochemical Producer In Fast-Growing Yet Undersupplied Indonesia

Chandra Asri Petrochemical (OTCPK:PTCAY, OTC:PTPIF) is the largest petrochemical producer in Indonesia with a total capacity of 3,301KTA. The runner-up, Trans-Pacific Petrochemical Indotama, has less than a third of its capacity at 950KTA. Within South East Asia, Chandra Asri Petrochemical is ranked the sixth-largest polyolefin producer and the eight-largest olefins producers. Its primary listing is on the Indonesia Stock Exchange under the ticker code TPIA.

Chandra Asri Petrochemical has the sole operating naphtha cracker in the country. A naphtha cracker produces a wide range of petrochemical products, including the monomers that form polyethylene and polypropylene, which are used to make water bottles, drinking straws, and diapers. The company is integrated downwards from the cracker to the downstream

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