Page 40 - Plastics News October 2020

Altiar acquires M-Base Chandra Asri and Vopak sign LOI
ltair, a global technology company providing T Chandra Asri Petrochemical Tbk (Chandra Asri),
Asolutions in data analytics, simulation, and high- PIndonesia's largest integrated petrochemical
performance computing (HPC), has acquired M-Base company, and Royal Vopak have signed a letter of
Engineering + Software GmbH, a leading international intent (LOI) to set up a joint venture company for
supplier of material database and material information collaboration in the industrial infrastructure business
systems, with a focus on plastics. The acquisition of M- in Cilegon, Banten Province, Indonesia.Chandra Asri
Base will allow Altair to offer the most comprehensive, and Vopak will explore storage opportunities in supply
high-fidelity plastics database available on the market, networks, to help grow existing petrochemical value
which will directly connect with Altair's powerful
solvers.One of the most important decisions in product
development is the selection of materials for
production. Altair has been investing significantly in

chains and lay the foundations for an expanded
industrial cluster in Cilegon, Banten Province,
Indonesia. The wfinalisation of this LOI and the setting
up of the joint venture company is subject to final
the area of material modeling for several years. The
acquisition of M-Base is an important additional step to terms and conditions, including customary regulatory
and shareholder approvals. Erwin Ciputra, President
deliver comprehensive material information and
infrastructure to predict and optimize product Director and CEO of Chandra Asri, states: “We are
performance through simulation. M-Base's offering pleased by the strong interest shown by a world-class
covers the complete lifecycle of material data, from operator like Vopak to partner with us. We look
testing and test evaluation to computer-aided forward to productive discussions with Vopak to
engineering (CAE) interfaces, with a focus on plastics. jointly explore growing our existing jetty and tank
M-Base is the official software supplier to Computer farm operations. We strongly believe in the growth
Aided Material Preselection by Uniform Standards potential of the petrochemical industry in Indonesia;
(CAMPUS), the world's most successful plastic material and this initiative marks another step forward in that
database adhering to rigorous international standards. direction to solidify our business scale and reach, to
Altair will continue to invest in CAMPUS to ensure serve the needs of our customers and the domestic
consistent, high-quality material data for customers to market.”Michiel Gilsing, Division President, Vopak
drive accurate simulation results. “The integration of Asia & Middle East, said, “We are excited about
M-Base into the Altair ecosystem brings deep partnering with Indonesia's premier petrochemical
knowledge and experience in material database producer Chandra Asri to explore this opportunity in
projects, as well as the high-quality data our industrial infrastructure services. We believe in the
customers require to improve the design of their long-term growth potential of Indonesia and this
products,” said James R. Scapa, founder and chief potential collaboration will enable us to further invest
executive officer of Altair. “It also expands our in Indonesia in Industrial Terminals which has been
presence in the plastics industry, as M-Base holds earmarked as one of our growth focus areas.” Today,
strong relationships with plastics manufacturers and Vopak jointly owns and operates one oil terminal in
the gold standard, CAMPUS. We look forward to Jakarta (49% ownership) and one chemicals terminal
working deeply with CAMPUS members to grow in Merak (95% ownership).
together.”

October 2020 40 Plastics News