Chandra Asri Secures US$ 750 Million Financing from KKR to Drive Regional Growth
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JAKARTA, Investortrust.id — PT Chandra Asri Pacific Tbk or TPIA, Indonesia's largest integrated petrochemical producer, secures US$ 750 million in financing from global investment firm KKR Capital Markets on Monday, Nov. 17, 2025, to accelerate its regional expansion and strengthen its downstream energy strategy.
The company uses the funding to support multiple growth initiatives, including its planned acquisition of Esso-branded fuel stations owned by ExxonMobil in Singapore, a move aimed at enlarging its footprint in the energy retail market.
Chief Financial Officer Chandra Asri Group Andre Khor says the partnership reflects strong confidence in the company’s transformation agenda and the strength of its downstream platform.
"We are pleased to establish a strategic partnership with KKR to support the acquisition of ExxonMobil’s Esso-branded retail network in Singapore. This collaboration demonstrates the strong trust in the transformation journey of Chandra Asri Group and the quality of our downstream energy platform," Khor says in a statement to the Indonesia Stock Exchange.
He adds that the partnership enables the company to pursue disciplined growth while continuing to deliver reliable and sustainable energy solutions across the region.
KKR Managing Director and Head of Asia Private Credit SJ Lim stresses that the transaction aligns with KKR’s approach in providing tailored capital solutions for leading companies in Asia Pacific.
"We are proud to support Chandra Asri Group in this important milestone. This transaction aligns with our focus on offering customized financing solutions for leading companies in the Asia Pacific region, and we look forward to Chandra Asri’s continued growth as it strengthens its position in the downstream and energy retail sector in Singapore," Lim says.
KKR channels the financing through its Asia Pacific Credit strategy and its insurance platform. Since 2019, the firm has allocated more than US$ 8 billion across about 60 credit investments under the strategy, with total transaction volume exceeding US$ 21 billion.