Chandra Asri Acquires Shell Refinery, Aims for Southeast Asia's Top Ethylene Producer Spot

Chandra Asri’s Shell refinery acquisition boosts ethylene production, positioning it as a Southeast Asia leader.

Bisnis.com, JAKARTA — Prajogo Pangestu's petrochemical giant PT Chandra Asri Pacific (TPIA) saw a rough year in 2024, posting loss after loss that even now it still faces a consistent foreign outflow and stock losses.

After recently acquiring a petrochemical complex in Singapore, the company hopes to turn things around and potentially putting the company among the top ethylene producers in Southeast Asia.

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