PT Chandra Asri Petrochemical, Tbk (TPIA IJ), is the largest and most integrated chemical player in Indonesia, intends to develop added value of the c4 mixed product to butadiene. The raw material is processed to make solution styrene butadiene rubber (SSBR) that would be absorbed tyre manufacturer. Therefore, company doing a joint venture with leading manufacturers of PT Michelin Indonesia formed PT Synthetic Rubber Indonesia (SRI), it’s been nearly and would finish in 1Q18.
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