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

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.

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Minggu, 16 Maret 2025 | 20:00

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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