According to the company’s website news release on November 15, 2022, Chandra Asri announced their collaboration with Borouge, a petrochemical company from the United Arab Emirates, at the B20 (Business 20) event in Nusa Dua, Bali, Monday (14/11/2022). The commitment agreed by both of petrochemical companies were based on a joint circular economy initiative which cover the management of polyolefin waste and recycling facilities to produce new products; as well as opportunities in co-marketing and market development initiatives, including developing non-metallic applications in certain market segments in oil and gas amalgamation, automotive, construction, and else, to promote the use of polyolefins.
The announcement of the commitment was attended by President of the Republic of Indonesia Joko Widodo, President of the United Arab Emirates Mohammed bin Zayed Al Nahyan, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Foreign Affairs Retno LP Marsudi, Minister of Environment and Forestry Siti Nurbaya Bakar, Minister of Public Works and Public Housing Basuki Hadimuljono and Minister of Industry Airlangga Hartarto and CEO of Masdar Mohammed Jameel Al Ramahi.
