TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsPrabowo breaks ground on second batch of downstream projects worth $7.2b
Among the key downstream projects launched on Wednesday is the development of gasoline refinery facilities in Cilacap, Central Java, and Dumai, Riau, each with a processing capacity of 62,000 barrels per day (bpd).
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Adding value: A nickel smelter operates on Sept. 21, 2025, at PT Virtue Dragon Nickel Industry (VDNI) in Konawe, Southeast Sulawesi. Indonesia has vowed to carry on its downstreaming program to add value to its nickel exports, despite its loss in a dispute over its ore export ban heard at the World Trade Organization. (AFP/Andry Denisah)
P
resident Prabowo Subianto broke ground on 13 natural resource processing projects in a simultaneous kickoff on Wednesday, marking the second time the administration has launched such an initiative, with total planned investment of around Rp 116 trillion (US$7.2 billion).
The projects, spanning the energy, mineral and agricultural sectors, form part of the government’s push to accelerate its downstream industrialization drive in a bid to increase the added value of commodity exports and strengthen energy security.
“We do not want to simply export raw materials. We want to process them domestically so the added value is enjoyed by the people,” Prabowo said in his opening speech at state energy firm Pertamina’s oil refinery development site in Cilacap.
“For too long, our economy and natural resources have been controlled by businesspeople whose sense of nationalism I question,” he added.
The event followed the first nationwide launch of downstream projects in February, with the government planning to roll out six additional downstream projects later this year. Prabowo also instructed state asset fund Danantara and the downstream task force to continuously reassess project plans and adopt more efficient and cost-effective technologies where available.
“If better and cheaper technology emerges, we must be willing to adjust. Focus on the numbers. The most efficient solution that delivers the greatest benefit to the public is what should be pursued,” he emphasized.
Read also: Danantara breaks ground on $7b downstream industry projects
