20231018_ELSA_Laporan Informasi dan Fakta Material_31459860_lamp2.pdf

Narahubung:
Jayanty Oktavia Maulina (Anty)
Manager of Corporate Communications
Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | Mob: +62813 1787 1717
E-mail: jayanty.maulina@elnusa.co.id


SIARAN PERS
       ELNUSA Takes Role in Energy Transition, Develops Business
            Diversification in Petrochemical Management
Jakarta, 17 October 2023, PT Elnusa Tbk (ELNUSA, IDX:ELSA) has prepared itself by continuing to diversify its business and take
a role in supporting the energy transition which is currently a government program and policy. In anticipating the challenges
that will be faced in the future, Elnusa continues to be adaptive and carry out business development by expanding its business
lines in the Petrochemical sector.

Elnusa President Director, John Hisar Simamora said "When the world began to move into an energy transition period, all
environmentally friendly renewable energy began to be used. "For this reason, Elnusa is also part of the energy transition driver
by carrying out business development through Go Live, the first distribution of Paraxylene products using the Truck Loading
scheme at the end of September 2023."

He added, "This business diversification is the business development of Elnusa's subsidiary, namely PT Elnusa Petrofin (EPN),
which previously succeeded in managing projects using the Vendor Held Stock (VHS) business scheme and handling stock for
distribution of Paraxylene via direct pipeline to consumers in 2022. "And in September 2023, EPN will expand its business
together with PT Pertamina Petrochemical Trading (PPT) regarding a new distribution scheme using Tank Cars."

Paraxylene is the main raw material for producing PTA (Purified Terephtalic Acid) and Polyethylene Terephthalate (PET) which
is produced from petrochemical refineries. PTA itself is an important component in the textile industry, while PET is often a raw
material for food and beverage packaging. Paraxylene products in this project will be supplied from Refinery Unit (RU) IV Cilacap
and TPPI Tuban.

Previously, PPT had also conveyed through information disclosure in online media that it would continue to expand the
development of marketing networks for other petrochemical products, this was in line with the increase in output/service
volume at EPN. This project is also a means of strong collaboration with stakeholders, including PPT as the Product Owner.

"Elnusa has three core competencies in upstream services, energy distribution and logistics services and supporting services.
We continue to develop energy distribution and logistics services from previously only focusing on fuel management, to now
continuing to move into the distribution and management of Non-BBM Petrochemicals. "Since 2022 and until now, we have
distributed a total of 283,620 MT of Paraxylene and will continue to have the potential to experience further volume increases
in the future," said John.

John said, "In the future, Elnusa will also continue to increase its capacity in energy distribution and logistics services through
managing other non-fuel products such as managing granular sulfur and plastic ore as well as developing business in the new,
renewable energy sector and the Electric Vehicle Ecosystem, which is one of the quick responses. Elnusa for a sustainable future
that not only follows change but also has promising potential for future business opportunities. "This will certainly be Elnusa's
step in supporting national energy security and is concrete evidence of realizing Elnusa's vision as a Reputable Energy Services
Company by Providing Total Solutions," concluded John.

About Elnusa (IDX: ELSA)
Elnusa is a subsidiary of PT Pertamina Hulu Energi (PHE) incorporated in Subholding Upstream Pertamina. As a total energy services solution company,
Elnusa has core competencies in upstream oil and gas services, supporting services, and energy distribution and logistics services. The upstream oil and
gas service line includes Geoscience & Reservoir services (land, transition zone & marine, and data processing), oil and gas field drilling & maintenance
services (drilling & workover), engineering, procurement, construction & operation maintenance (EPC-OM) services. Supporting service lines include
marine support services, fabrication, to data management. The energy distribution and logistics service line includes fuel transportation services, depot
management, and chemical sales. Currently, Elnusa serves national and international oil and gas companies, including Pertamina Group, British
Petroleum, Conoco Phillips, Soco Exploration (Vietnam) Ltd, etc. Elnusa is listed on the Indonesia Stock Exchange with the issuer code 'ELSA' and has five
subsidiaries that support its competence. Detail information can be accessed at www.elnusa.co.id.