Sinarmas Cepsa signs agreement to expand bio-based chemicals production
In Singapore, Sinarmas Cepsa (SCPL) and its parent companies, the chemicals business of CEPSA and agribusiness Golden Agri-Resources (GAR), signed a Memorandum of Understanding to expand the production of bio-based chemicals at SCPL’s site in Lubuk Gaung, Indonesia.
Sinarmas Cepsa is a supplier of oleochemicals, established as a joint venture between the chemicals business of Spanish energy company Cepsa and Indonesian conglomerate Sinar Mas Group.
The firm noted that the site is ideally positioned to serve customers worldwide and the existing facility, which started production in 2017, is fully utilized.
“Sustainably sourced, bio-based alternatives are key requirements for our customers and the markets we serve” said Kung Chee Wan, CEO of SCPL. “We are excited to grow with our customers and increase the scale of our sustainable and traceable integrated supply chains.”
Category: Chemicals & Materials
