Danantara, INA, and Chandra Asri Sign Agreement to Fund $800M CA-EDC Plant in Cilegon

Published: Mar 4, 2026 17:44

Save

[SMM Aluminum Express News] Danantara Indonesia, INA, and Chandra Asri Group signed a Conditional Share Subscription Agreement (CSSA) to fund the Chlor Alkali & Ethylene Dichloride (CA-EDC) plant in Cilegon, Banten. INA Acting CEO Eddy Porwanto Poo said the investment supports national priorities, partnering with Southeast Asia’s leading petrochemical player to expand strategic raw materials, advance downstream industries, boost domestic value creation, and strengthen industrial resilience. The USD 800 million National Strategic Project (PSN) will increase local production of Caustic Soda and EDC, cut import reliance, and enhance supply resilience. Danantara and INA will jointly invest USD 200 million, with operations starting in 2027.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Overseas Alumina Deal: 30K mt Australia or 50K mt Indonesia

Alumina Transaction: On March 4, 2026, one overseas alumina transaction was concluded, with a trading volume of either 30,000 mt of Australian alumina or 50,000 mt of Indonesian alumina. The transaction price was $304/mt FOB Western Australia, or $302/mt FOB Eastern Australia, and $311/mt FOB Indonesia. The origin and quantity were at the seller’s option, with April shipment.

Common.Time.minsAgo

"Alumina Traded: 30,000 mt at $305/mt FOB WA, $303/mt FOB EA, $312/mt FOB Indonesia; Seller's Option, April Shipment"

Alumina Transaction: On March 4, 2026, 30,000 mt of alumina was transacted overseas at a transaction price of $305/mt FOB Western Australia, or $303/mt FOB Eastern Australia, and $312/mt FOB Indonesia; the supply source was at the seller’s option, with April shipment.

Common.Time.minsAgo

30,000 mt Alumina Traded at $334/mt FOB Jamaica for April 2026 Shipment

Alumina Transaction: On March 3, 2026, 30,000 mt of alumina was transacted overseas at a transaction price of $334/mt FOB Jamaica, for April shipment.

Common.Time.minsAgo