TheJakartaPost
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Amid the country's dearth of smelters to drive the downstream aluminum sector, Adaro Minerals is aiming to start producing 250,000 tonnes of aluminum ingots by the third quarter and eventually increase to full production by early 2026 at its smelter in KIPI, operated by subsidiary Kalimantan Aluminium Industry.
The investment minister has expressed frustration about his country being dealt lower carbon credit values than Western counterparts and about international disapproval of Indonesia’s downstream industry strategy.
President Joko Widodo claims Indonesia’s commitment to strengthening its downstream industry has proved to be fruitful, as it allows the country to gradually shift from selling raw materials to value-added goods.
Netherlands-based food manufacturer Verstegen Spices & Sauces is interested in investing Rp 4.2 trillion (US$298 million) to develop the nutmeg industry, particularly in Fakfak regency of West Papua, according to the Investment Coordinating Board (BKPM).
The downstreaming of coal, whose reserves in Indonesia is the sixth-largest in the world, includes the push to transform coal, the dirtiest fossil fuel, into cooking gas, methanol and electricity, among other commodities.
Gold and copper mining giant PT Freeport Indonesia (PTFI) plans to expand its existing copper smelter as the company tries to distance itself from a new smelter project that is still encouraged by the authority.
Nickel-free lithium iron phosphate batteries are expected to eat into the market share over the next decade, or until 2030, according to several experts, including battery chemist Bambang Prihandoko of the Indonesian Institute of Sciences.
