PT Barito Pacific Tbk : Renewables Energy (BREN) shares are officially listed on the Indonesian Stock Exchange
October 09, 2023 at 04:02 am EDT
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Monday, October 09, 2023, PT Barito Renewables Energy (BREN), a subsidiary of Barito Pacific focusing on renewable energy development, officially issued a total of 4.015 billion shares on the Indonesia Stock Exchange (IDX).
The Barito Renewables IPO will not only expand BREN's presence in the geothermal industry but also pave the way towards other renewable technologies, supported by a strong operational advantage.
PT Barito Pacific Tbk published this content on 09 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 October 2023 08:01:23 UTC.
PT Barito Pacific Tbk is an Indonesia-based integrated energy company. The Company is focused on business in the petrochemical and energy sectors. The Company's segments include petrochemical, building and hotel management (property), energy and resources, and others. It produces a number of products and services, raw materials for the plastic industry in the upstream sector, such as ethylene, propylene, py-gas, and mixed C-4, and the downstream sector, such as polyethylene, polypropylene, styrene monomer, butadiene, methyl tert-butyl ether and butene-1. It has three operating geothermal assets with a total installed capacity of approximately 885 megawatts. The Company, through its subsidiary, PT Griya Idola, manages property assets, such as the Wisma Barito Pacific and Wisma Barito Pacific II located in Slipi, West Jakarta. The Company's other businesses include logistics and glue production used for particleboard, and minority shares in Madura Offshore.