5 November 2013
Details
The management of
PT Chandra Asri Petrochemical Tbk (CAP) and
Compagnie Financiere Michelin (Michelin)
conduct a partnership inauguration of synthetic rubber plant
which is managed by
PT Synthetic Rubber Indonesia (SRI)
The inauguration of this partnership
is a milestone of a joint venture between
PT Petrokimia Butadiene Indonesia (PBI, a subsidiary of CAP)
with Michelin.
The plant construction that produces feedstock of
environmentally friendly tires is planned to
to begin in early 2015.
With completion and start-up targetted
at the beginning of 2017.
The construction of SRI plant is a form of commitment by
CAP and its subsidiaries to increase the value of chain of
petrochemical products which are produced by the company
and to further support the realization of
an integrated petrochemical industry in Indonesia.
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