Our Journey

PT Surya Esa Perkasa (SEP) established

First commercial production of LPG & Condensate

Acquires 60% shares of PT Panca Amara Utama (PAU)

SEP is listed in the Indonesia Stock Exchange (IDX ticker: ESSA)

SEP signs USD 75,000,000 loan facility with Bank UOB Indonesia for working capital facility and equity funding in PAU

SEP issues 100,000,000 new shares through a Non-Preemptive Rights Issuance

SEP start expansion project to increase LPG Design Capacity

PAU signs 55 MMSCFD Gas Supply Agreement with JOBPMTS

SEP completes Expansion Project. 60% increase in LPG Design Capacity to 190 TPD

PAU signs Ammonia Offtake Agreement with Mitsubishi Corporation, Japan

PAU appoints PT Rekayasa Industri as EPC Contractor

Groundbreaking of PAU by President RI, Mr. Joko Widodo

10 years of operations with Zero Accident

Commercial Production of Ammonia and achieved continuous production above 2,200 TPD

Completed Pre-emptive Rights Issue of USD 36,000,000

1st Full Year of Ammonia Production 766,988 MT

Completed Non-Preemptive Rights Issue USD 13,000,000 for additional investment in PAU

Blue Ammonia Production MoU signed through PAU with Japan Oil, Gas and Metals National Corporation (JOGMEC), Mitsubishi Corporation and Institut Teknologi Bandung (ITB)

Group rebranding

IFC loan fully refinanced