Danantara, INA and Chandra Asri Group Complete Strategic Investment Partnership for CA-EDC Project, Strengthening Indonesia’s Industrial Supply Chain

Jakarta, 15 October 2026 – Danantara Investment Management (DIM), Indonesia Investment Authority (INA), and PT Chandra Asri Pacific Tbk (Chandra Asri Group) have completed a strategic investment transaction for the Chlor Alkali–Ethylene Dichloride (CA-EDC) project, marking a significant milestone in strengthening Indonesia’s domestic industrial capacity.

Led by Chandra Asri Group, the facility is designed to produce approximately 400 kilotonnes per annum (KTA) of caustic soda and 500 KTA of ethylene dichloride (EDC), two essential chemicals used in a wide range of industrial applications. By increasing domestic production, the project is expected to reduce reliance on imports, generate foreign exchange savings, and improve the availability of critical raw materials for downstream industries, including Indonesia’s bauxite and alumina value chain, where demand for caustic soda is expected to grow.

The partnership brings together DIM’s and INA’s investment capabilities with Chandra Asri Group’s industrial expertise to advance this strategically important project. It also creates an opportunity to further develop specialized technical expertise and operational capabilities in Indonesia, supporting the growth of a stronger domestic chemical industry.

The project is in line with the growing momentum of Indonesia’s downstreaming agenda, which seeks to add value to the country’s natural resources and deepen domestic industrial supply chains. Its commercial rationale is further supported by existing underlying demand for caustic soda and EDC, providing a solid foundation for the project’s long-term viability.

As of September 2026, construction was approximately 80% complete, with the main equipment being installed and supporting infrastructure, including the jetty, trestle, and storage facilities, under development. The project remains on track to commence commercial operations in 2027.

Pandu Sjahrir, Chief Executive Officer of DIM, said: “As Indonesia advances its downstreaming agenda, DIM plays a role in directing capital toward the sectors that underpin national economic resilience, while maintaining the commercial discipline our mandate requires. The CA-EDC project reflects the type of strategic investment that can generate long-term value for Indonesia by supporting domestic industries, building local capabilities, creating high-quality jobs, and enhancing Indonesia’s competitiveness. This collaboration also reflects Danantara’s role as a catalyst in crowding in private investors into nationally strategic projects.”

Oki Ramadhana, CEO of INA, said: “The collaboration between INA, DIM, and Chandra Asri Group on the CA-EDC project brings together investment capital and industrial expertise. The investment rationale rests on both the essential role that caustic soda and EDC play across Indonesia’s industrial value chain and the project’s sound commercial fundamentals. As Indonesia advances its downstream industries, the project addresses a strategic need, with the potential to strengthen domestic supply and support the development of a more integrated industrial base.”

President Director and CEO of Chandra Asri Group, Erwin Ciputra, said: “The completion of this strategic investment partnership marks a significant milestone for the CA-EDC project and underscores our commitment to Indonesia’s industrial development. By combining DIM’s and INA’s long-term investment capabilities with Chandra Asri Group’s industrial expertise, we are advancing a project that will strengthen the security of critical chemical supplies for domestic industries, reduce reliance on imports, and support Indonesia’s downstreaming ambitions. With commercial operations targeted to commence in 2027, the project is also expected to create approximately 3,000 construction jobs and 250 permanent operational positions, while helping to build local industrial capabilities.”

The completion of this partnership represents a significant milestone for the CA-EDC project and demonstrates the shared commitment of DIM, INA, and Chandra Asri Group to supporting the long-term growth of Indonesia’s domestic industry.

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About Danantara Indonesia

Danantara Indonesia, officially known as Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), is a strategic investment management institution established under Law No. 1 of 2025. As an independent entity under the President, Danantara Indonesia’s mandate is to manage and optimize government investments and assets from State-Owned Enterprises (SOEs) in order to support the achievement of the Asta Cita vision, strategic national plans, as well as government programs to accelerate industrialization and economic growth. With a professional, transparent, and accountable approach, Danantara Indonesia aims to strengthen the governance of state assets, create added value for the economy, while increasing Indonesia’s competitiveness in the global market.

More on Danantara Indonesia: https://www.danantaraindonesia.co.id

For more information, please contact:
Danantara Indonesia Communications Team
media@danantaraindonesia.com

About Indonesia Investment Authority (INA)

Indonesia Investment Authority is Indonesia’s sovereign wealth fund mandated to increase investment to support the country’s sustainable development and build wealth for its future generations. INA conducts investment activities and collaborates with leading global and domestic investment institutions in sectors that strengthen Indonesia’s advantages and provide risk-adjusted optimal returns. For more information, visit: www.ina.go.id.

For further information, please contact:
Indonesia Investment Authority
Putri Dianita Ruswaldi
VP of Communications
putri.dianita@ina.go.id

About Chandra Asri Group

Chandra Asri Group is a leading industrial company in Southeast Asia, operating through three strategic pillars: Energy & Chemicals, Integrated Infrastructure, and Mobility Solutions. Established in Indonesia in 1992, Chandra Asri Group has built a strong track record as a reliable Growth Partner to its customers and stakeholders, with strategic businesses and assets in Indonesia and Singapore, and an expanding presence in Malaysia. The Group’s asset portfolio encompasses integrated Energy & Chemicals operations, including a naphtha cracker in Cilegon with an ethylene production capacity of 0.9 million metric tons per annum, a refinery with a capacity of more than 300,000 barrels per day and a naphtha cracker with a capacity of 1.1 million metric tons per annum on Bukom Island, as well as approximately 2.5 million metric tons of downstream chemical assets on Jurong Island. Chandra Asri Group is also expanding its chemicals portfolio through the development of a world-scale chlor-alkali and ethylene dichloride facility in Cilegon. The Integrated Infrastructure pillar comprises four key areas: Power, Water, Port & Storage, and Logistics, providing essential services to support industrial activities and regional connectivity. In line with the development of its portfolio, Mobility Solutions brings the Group closer to consumers through ~60 Esso retail service stations. For more information, visit www.chandra-asri.com.

For further information, please contact:
Chandra Asri Group
Chrysanthi Tarigan
Head of Corporate Communications
Telp: 021-530 7950
Email: corporate.comm@capcx.com