TEMPO.CO, Jakarta - Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia stated that 21 downstreaming projects will be accelerated. Daya Anagata Nusantara Investment Management Agency (BPI Danantara) will fund the downstreaming projects.
This agreement was made in a meeting led by President Prabowo Subianto at Merdeka Palace, Jakarta, on Monday evening, March 3, 2025.
"We have decided the first stage of downstreaming, which is targeted at approximately US$618 billion, for the year 2025, in which we have presented approximately 21 projects in the first stage with a total investment of approximately US$40 billion," said Bahlil in a press release after the meeting.
The Chairperson of the Golkar Party said that one of the main projects is the construction of an oil project storage in Nipah Island. The oil storage is targeted to meet the national needs for 30 days following the Presidential Regulation.
In addition, the government will also build a refinery with a capacity of 500 thousand barrels per day, which will be one of the largest Indonesia oil processing facilities. This project aims to ensure more stable domestic energy supply and reduce imported dependence.
In the coal gasification sector, the government targets the development of Dimethyl Ether (DME) production as a substitute for LPG (liquefied petroleum gas). According to Bahlil, this DME project will be carried out differently, relying on domestic resources without dependence on foreign investors.
"Now we do not need foreign investors, all will go through the President's policy by utilizing domestic resources. What we need from them is their technology, we need their capital expenditure from the government and national private sectors, then the raw materials are from us, and the off-takers are also from us," he said.
Bahlil mentioned that the DME project will be developed simultaneously in South Sumatra, East Kalimantan, and South Kalimantan. In addition to DME, the government will increase the added value in the mining sector, such as copper, nickel, and bauxite into alumina. The fisheries, agriculture, and forestry sectors are also part of the downstreaming priorities.
President Prabowo has even identified 26 commodity sectors as national downstreaming priorities, covering minerals, oil and gas, fisheries, agriculture, plantations, and forestry. In addition to strengthening national energy and industry resilience, this downstreaming is also projected to create many job opportunities for the people of Indonesia.
Editor's Choice: Expert: Togetherness of Prabowo, Jokowi, and SBY Could Be the Seed of a Presidential Club
Click here to get the latest news updates from Tempo on Google News
Indonesia Forms 258 Disability Service Units in 30 Provinces
1 hari lalu
According to the records of the National Commission on Disability, as of February 2025, there are 258 Disability Service Units (DSU) in 30 provinces and 168 DSUs in 60 regencies/cities in Indonesia.
Indonesian Diaspora in Australia Stage Dark Indonesia Rally
2 hari lalu
The Dark Indonesia rally, titled Melbourne Moves, took place in the State Library of Victoria, Australia, on Saturday, March 1, 2025.
Energy Ministry to Release Pertamax Quality Test Results Today
3 hari lalu
The Ministry of Energy and Mineral Resources (ESDM) has conducted a quality test on Pertamax. The results will be announced today.
Indonesian Govt to Inject US$20bn Yearly Into Danantara, Says Presidential Envoy
4 hari lalu
Hashim hopes that investors from other countries can invest their capital together with Danantara.
Foreign Investors Sell-Off Banking Stocks, IHSG Drops After Danantara Launch
4 hari lalu
Analysts reported a net sell-off of Rp324 billion during the entire trading session after Danantara was introduced.
Economist Speaks about Tony Blair Joining Danantara Supervisory Board
4 hari lalu
An economist assesses that Tony Blair has the potential to open up greater access to the global investment market, particularly in Europe and the US.
Transfer of State-Owned Shares to Danantara Targeted for Completion Next Month
4 hari lalu
The transfer of state-owned enterprises' (SOEs) shares to Danantara sovereign wealth fund is targeted to be completed within a month.
Danantara Establishment Has a Good Intention, Jokowi Says
5 hari lalu
Jokowi praised President Prabowo for establishing Danantara. According to Jokowi, the intention to establish Danantara is very good.
Today's Top 3 News: Prabowo Assigns AHY to Build Giant Sea Wall from Banten to Gresik
5 hari lalu
Here is the list of the top 3 news on Tempo English today.
Danantara is Vulnerable to Political Intervention, Says CSIS
6 hari lalu
Danantara head is Minister of Investment Rosan Roeslani, while the Supervisory Board is led by the Minister of SOEs, Erick Thohir.
