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Indonesia Petrochemicals Report Includes 5-Year Forecasts To 2021
Chandra Asri Petrochemical (CAP) remains the leader in investment in petrochemicals. CAP has set out plans to invest USD6bn in a number of projects over 2016-2021. CAP's capital outlay for 2017 was USD150mn focusing on ramping up production capacity on a number of petrochemical products, particularly butadiene, as well as its cracker facility. Indonesian chemicals output surged 10.1% y-o-y in 9M17, while rubber and plastic production grew by a more modest 4.2% in the context of slower than expected economic growth and capacity constraints in some sectors.