If Chandra Asri (TPIA), the country’s largest petrochemical company, is truly worth Rp837 trillion or US$51.3 billion, Indonesia shouldn’t be difficult in boosting domestic processing of oil and gas into chemicals. Simply issuing new shares, 10% of the enlarged share capital, Chandra Asri should easily get US$5 billion to double its olefin center capacity. To subscribe please click here
