According to the company’s website news release on April 13, 2023, Chandra Asri and the Indonesia Investment Authority (INA) have signed a Memorandum of Understanding to work together to develop a world-scale chlor-alkali plant in Indonesia, PT Chandra Asri Alkali (CAA) on Thursday, April 13, 2023. The CAA plant, a wholly owned subsidiary of Chandra Asri, will also accept investment from other potential international investors.
As part of the accelerated development of this plant, Chandra Asri has signed a basic engineering and licensing agreement with Asahi Kasei Corporation (AKC) from Japan, a leading world-class licensor with state-of-the-art intellectual property for the construction of CAA plan. The establishment of this world-class chlor-alkali company is expected to accelerate the growth of the national downstream industry, support Indonesia's ambition to become one of the world's largest nickel producers, as well as position itself in the global electric vehicle value chain.
