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View all search resultsSix downstream projects set for January groundbreaking: Danantara
Some of the projects set to commence include a US$24 billion aluminium smelter, refinery facilities for bio-aviation fuel in Central Java and a bioethanol facility in East Java.
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Danantara CEO Rosan Roeslani addresses reporters on May 7 in the State Palace complex in Jakarta. (BPMI Setpres/Cahyo)
S
tate asset fund Danantara CEO Rosan Roeslani said that around half a dozen downstream projects would begin construction in January, with total investment for the projects amounting to billions of dollars.
Rosan, who also serves as Investment and Downstream Minister, said on Wednesday that “we will start the groundbreaking of five to six projects” early next month, adding that he had consulted President Prabowo Subianto on the plan, according to Kontan.
He detailed that some of the projects set to commence include an aluminium smelter worth US$24 billion. In addition, there are refinery facilities for bio-aviation fuel in Cilacap, Central Java, which would require $1.1 billion in investment, as well as a bioethanol facility in Banyuwangi, East Java.
Rosan also mentioned a coconut downstream project but did not elaborate, along with poultry-related projects planned in East Java and West Nusa Tenggara.
Read also: Danantara to pour Rp 20t into poultry farms for free meals program
Energy and Mineral Resources Minister Bahlil Lahadalia has identified several potential downstream projects and conducted pre-feasibility studies, which he submitted to Danantara in July.
Danantara was then tasked with selecting which projects should be prioritized and completing the feasibility studies by the end of the year so that construction can begin in 2026.
