Page 169 - CW E-Magazine (16-4-2024)

Press Release

Chandra Asri Signs Binding Salt Offtake Agreement with BCI Minerals
from Australia

• Chandra Asri has entered into a binding offtake agreement with BCI to offtake salt from
the Mardie Salt Project over a three-year term, with the option to extend for a further three
years.

• The offtake agreement is for the supply of annual contract quantity of 300,000 tonnes
which will increase up to 600,000 tonnes of salt per annum.

Jakarta, 21 March 2024 - Chandra Asri and BCI Minerals Limited (“BCI”) are pleased to
announce the signing of a binding Offtake Agreement. Chandra Asri will use the salt produced at
the Mardie Project (“Project”) in the world-scale Chlor-Alkali plant currently being developed in
Indonesia.

The Offtake Agreement with BCI is for the supply of salt from BCI’s Mardie Salt Project over a
three-year term, with Chandra Asri having the right to extend the term for a further 3 years subject
to certain conditions being met. News from Abroad

Contract volumes (per Contract Year) for salt are 300,000 tonnes per annum in year one,
CHLOR-ALKALI FEEDSTOCK
increasing to 600,000 in years two and three to align with the ramp-up of the Project. This Offtake
Chandra Asri inks salt offtake deal with Australia’s
Agreement will contribute towards satisfying the offtake requirements needed as a condition
precedent to drawdown on BCI’s debt facilities.
BCI Minerals

Indonesian chemicals group, Chandra
Asri, and Australia’s BCI Minerals
Ltd. (BCI) have inked are a binding
offtake agreement for supply of salt.
The salt produced at BCI’s Mardie pro-
ject will be supplied to the world-scale
chlor-alkali plant currently being deve-
loped in Indonesia by Chandra Asri.
The salt offtake deal is for a three-
year term, with the option for Chandra
Asri to extend for a further three years
subject to certain conditions being met.
Contract volumes are 300-kt in year
one, increasing to 600-kt in years two
and three to align with the ramp-up of
the project.

Mr. Erwin Ciputra, CEO of Chandra half of 2026, subject to approvals, satis- located on the Pilbara coast in the centre
[Right – Left] Steve Fewster, Chief Financial Officer BCI Minerals - David Boshoff, Managing Director
Asri Group, said, “This partnership faction of conditions precedent for the of Western Australia’s key salt produc-
BCI Minerals - Andre Khor, Chief Financial Officer Chandra Asri Group - dan Ruly Aryawan, Supply Chain
solidifi es our competitive market-lead- debt project fi nancing, completion of tion region, has been designed to pro-
ing position for our plans in progress to construction, and development & com- duce approximately 5-mtpa of high-
Director Chandra Asri Group
develop a world-scale caustic soda and missioning of the project. purity salt (>99.5% NaCl) and 140-ktpa of
ethylene dichloride plant.” Salt supply Sulphate of Potash (SoP) (>52% K O)

2
is currently anticipated for the second BCI’s Mardie Salt & Potash Project, via solar evaporation of seawater.
MASS TRANSFER SYSTEMS
Koch Modular to expand pilot plant in US
Koch Modular Process Systems, a mately 5,000-sq.ft.; the expanded
US-based provider of engineered and facility will be more than three times
fabricated modular mass transfer sys- the size, at approximately 18,000-sq.ft.
tems for the chemical processing indus- The announcement of the expansion
try, has announced an expansion of its also marks the 25th anniversary of the
Houston, Texas pilot plant. company taking on the name Koch
Modular.
The expansion will improve Koch
Modular’s analytical lab and testing The expanded pilot plant will enable
capabilities to address customers’ demand The expansion will take place in companies to run bench and pilot-scale
in industries spanning chemical, phases. The first renovation phase, tests to generate data required to deve-
pharmaceutical, petrochemical, biotech, offi ce, and laboratory work, started in Q1 lop and test mass transfer processes like
food, fl avour & fragrance, said Ms. of this year. distillation, liquid-liquid extraction,
Wendy Parker, Vice President, Koch stripping, and reaction chemistry for
Modular. The original facility was approxi- successful scale-up.

Chemical Weekly April 16, 2024 169

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