Chandra hits record output

Chandra hits record output

JAKARTA (JP): The country's olefin producer PT Chandra Asri
produced 381,000 metric tons of ethylene in 1996, marking the
company's impressive performance in 1996.

The company stated that the firm also produced 216,500 metric
tons of propylene for PT Tri Polyta Indonesia and sold 250,000
metric tons of polyethylene on the domestic market.

Chandra also exported 170,600 metric tons of pygas to overseas
market.

The firm stated that it trimmed close to US$490 million in the
current account deficit amid a global trend of increasing
naphtha, the prime feedstock for ethylene production.

"Chandra Asri provided a cushion against rising world prices
due to cheap transport," it said.

The firm plans to operate its facility at 100 percent this
year to make a bigger contribution to the country's downstream
needs. (09)