Toyo Wins Contract to Expand Chandra Asri’s Java Naphtha Cracker

Toyo Engineering Corp. (6330) won a contract from PT Chandra Asri Petrochemical to expand its naphtha-cracking plant in Indonesia’s western Java.

The project will increase ethylene-production capacity to 860,000 metric tons a year from its current 600,000, Toyo said today in a statement. The construction is scheduled to start in third quarter and be completed in the fourth quarter of 2015, Chandra Asri said Sept. 13 in a separate statement.

The project will also boost annual production capacity of propylene by 150,000 tons to 470,000, pyrolysis gasoline by 120,000 tons to 400,000, and mixed C4 by 95,000 tons to 315,000, Chandra Asri said in the statement. Expansion will cost an estimated $380 million, financed by loans and equity, it said.

To contact the reporter on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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