Indonesia Petrochemicals Report Q2 2018
Chandra Asri Petrochemical (CAP) remains the leader in investment in petrochemicals. CAP has set out plans to investUSD6bn in a number of projects over 2016-2021. CAP's capital outlay for 2017 was USD150mn focusing on ramping up productioncapacity on a number of petrochemical products, particularly butadiene, as well as its cracker facility. Indonesian chemicals outputsurged 10.1% y-o-y in 9M17, while rubber and plastic production grew by a more modest 4.2% in the context of slower thanexpected economic growth and capacity constraints in some sectors.