Petrochemical firm Chandra Asri Petrochemical (TPIA) obtained a loan facility of US$70 million, equivalent to Rp1 trillion, from Bank Permata (BNLI). TPIA will use said loan to fund the construction of a new petrochemical complex owned by its unit, PT Chandra Asri Perkasa, in Cilegon, West Java. The new project is estimated to require an investment of Rp80 trillion (US$5 billion).
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