• PT Chandra Asri and PT Tri Polyta Indonesia Tbk transformed into PT Chandra Asri Petrochemical Tbk (“Chandra Asri”).
• Chandra Asri’s consistent performance has drawn global investors. SCG Chemical Co. Ltd., a subsidiary of Siam Cement Group, has become a 30% shareholder in Chandra Asri.

• Chandra Asri began the operations of the Butadiene facility with a capacity of 100KTA.
• Chandra Asri formed a strategic relationship with Compagnie Financiere Michelin (“Michelin”) to establish PT Synthetic Rubber Indonesia (“SRI”).

• Chandra Asri completed the US$380 million expansion of its Naphta Cracker, increasing its output capacity to 860KTA.
• The Company’s major participation in the energy sector has grown over time, as seen by many company initiatives.

• In April, Star Energy bought 2 (two) Geothermal Power Plants (“PLTP”) from Chevron subsidiary, namely PLTP Salak and PLTP Darajat.
• Indo Raya Tenaga/IRT and PLN signed a conditional Power Purchase Agreement (PPA) for Java 9 and 10 in June.
• Indo Raya Tenaga/IRT, in collaboration with Indonesia Power, constructed the Java 9 and 10 Steam-Electric Power Stations, each having a capacity of 2x1,000 MW with ultra-supercritical technology. This power plant contributes to cost savings by reducing fuel use by up to 20% per kWh, while reducing carbon emissions proportionately.

• In June 2018, the Company finalized the acquisition of Star Energy.
• Chandra Asri increased its Butadiene plant production capacity to 137KTA.
• The Company successfully raised a value equivalent to Rp8.9 trillion or US$619 million through the Limited Public Offering II.
• PT Synthetic Rubber Indonesia began operations by creating synthetic rubber as a raw material for high performance tires with a capacity of 120KTA.
• The Company entered into a PPA with PLN to collaborate on the Java 9 and 10 projects.

The new Polyethylene plant at Chandra Asri commenced operations with a capacity of 400 KTA, along with the expansion of Polypropylene plant from 480KTA to 590KTA.

• Chandra Asri has begun its operations at its new MTBE (Methyl Tert-butyl Ether) and B1 (Butene-1) facilities.
• Chandra Asri completed the Enclosed Ground Flare (EGF) project and began work on the project Java 9 and 10.

• Chandra Asri announced Thaioil, the flagship refinery of PTT Public Company Limited, has been chosen as the strategic investor to support  the development of the second petrochemical complex (CAP2).
• Chandra Asri completed the issuance of new shares to increase capital (rights issue) of US$1.1 billion or around Rp15.5 trillion. This corporate  action becomes one of the largest right issue ever held in the IDX so far.

*On Going