Understand any stock in simple English
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PT Barito Pacific Tbk
Barito Pacific is an Indonesian conglomerate that makes petrochemicals and produces geothermal and wind energy, plus some property development.
Barito Pacific is a holding company that owns big pieces of businesses most people never see directly but use every day. Through its majority stake in Chandra Asri, it makes the base chemicals that go into plastics—things like pipes, bottles, packaging, and car parts. That petrochemical arm is the group's largest source of revenue, and it sells mainly to manufacturers and industrial buyers across Indonesia and Southeast Asia.
The second leg is green power. Barito Pacific owns Star Energy, which runs geothermal plants—power stations that pull heat from deep underground to spin turbines and make electricity. Indonesia sits on a lot of volcanic rock, so geothermal is a natural fit. The company also has wind energy interests. Utilities and governments pay for this electricity, and the appeal is that geothermal runs day and night, unlike solar or wind alone. There is a smaller property development piece too, but the real story is the tug-of-war between the two big segments. Petrochemicals are cyclical—profits swing with chemical prices and the health of manufacturing demand—while geothermal is steady, contracted, and increasingly valuable as countries chase cleaner power. That mix gives Barito Pacific both a volatile earnings engine and a stable one.
Chandra Asri is one of Indonesia's largest petrochemical producers, which gives the group scale and pricing power in its home market, but it also means competition from cheaper imports, especially from China and the Middle East. Star Energy's geothermal assets are harder to copy—you need the right geology and years of drilling—so that side is the more defensible business. The company's future hinges on whether it can keep expanding green power while riding out the chemical cycle.
Saved answer · last researched 12 Nov 2026