PT Chandra Asri Petrochemical Tbk (TPIA) hopes that the development of the Chandra Asri Perkasa (CAP) 2 plant can reduce dependence on imported petrochemical products by 70% by 2026.

Director of Human Resources and Corporate Affairs and Corporate Secretary Chandra Asri Suryandi said that Indonesia is still adopting 60% of the demand for petrochemical products.

"With the additional capacity of the CAP 2 factory, we are optimistic about the conditions and are able to meet 70% of these needs. Meanwhile, one of the products that will be produced by CAP 2 is a naphtha cracker," he said on Thursday (12/8).

Based on data from the Ministry of Industry (Kemenperin), naphtha crackers from domestic factory production only reach 900,000 tons per year, while domestic demand is 1.6 million tons.

"Overall, 60 percent of petrochemical product imports. We calculate that CAP 2 in 2026 will be able to meet more than 70% of the demand, which i