Chandra Asri Group has announced plans to invest US$1 billion (Rp16.6 trillion) to accelerate its energy transformation and strengthen its integrated business operations across Southeast Asia.

Andre Khor, Group Chief Financial Officer and Deputy Chief Executive Officer of PT Chandra Asri Pacific and Aster Chemicals and Energy Pte Ltd, said the investment marks a new strategic phase for the company following its acquisition of Shell Energy and Chemicals Park Singapore, a refinery and petrochemical complex located on Bukom Island.

“This investment is not merely an expansion, but a transformation. We are committing US$1 billion to build a sustainable growth platform in Singapore, Indonesia, and across Southeast Asia,” Khor said during the Singapore International Energy Week (SIEW) 2025 forum, on Wednesday, October 29, 2025.

Chandra Asri now operates under three core pillars − energy, petrochemicals, and infrastructure. In the energy sector, the company manages a combined refining capacity exceeding 300,000 barrels per day, driven by its recent acquisition of the Shell Bukom refinery and the ExxonMobil retail fuel network in Singapore.

In petrochemicals, Chandra Asri runs two cracker complexes in Singapore and Indonesia, producing over 10 million tons of raw materials such as polyethylene and polypropylene annually. Meanwhile, its infrastructure business spans ports, energy, water, and logistics, aimed at boosting regional connectivity and generating new revenue streams.

Despite global pressure on oil and petrochemical margins due to oversupply, the company remains optimistic about the sector’s long-term outlook. It projects refining margins will begin to recover around 2027–2028, driven by growing energy demand in Southeast Asia.

“Energy demand in the region continues to rise, particularly from transportation and industry. We are focused on long-term resilience through efficiency, decarbonization, and technological innovation,” a company representative said on Wednesday, October 29, 2025.

In addition to operational efficiency and supply chain integration, Chandra Asri is developing several energy transition projects, including a 50-megawatt gas turbine system and emission-reduction programs at its production facilities.

With a workforce of more than 1,600 employees in Singapore and 2,400 in Indonesia, the company aims to build a cross-border integrated industrial ecosystem. The model enables feedstocks processed in Singapore to be converted into downstream products in Indonesia − creating added value at every stage of production.