Indonesia’s sovereign wealth fund Danantara Indonesia on Friday launched six projects in the natural resources processing sector valued at $7 billion, including a green energy refinery project by state-run Pertamina, the fund’s chief said.
The other projects included construction of alumina and aluminium smelters, an ethanol plant, a palm-oil blended aviation fuel plant, and integrated poultry facilities, said CEO Rosan Roeslani.
The projects are among the government’s 18 priority projects in the natural resources processing sector set to be launched this year with a total investment of 618 trillion rupiah ($36.7 billion).
“The president emphasised the acceleration of downstream projects that have a direct impact on the people,” Roeslani said during the launch.
Pertamina’s refinery plant, located in Cilacap, Central Java province, converts used cooking oil to aviation fuel and has produced 3,000 barrels per day, said Emma Sri Martini, the company director.
It is expected to boost its production capacity to 6,000 barrels per day, Martini added.
The bioethanol plant in East Java, developed by Pertamina and state-owned plantation firm Perkebunan Nusantara, is expected to have 30,000 kilolitres of production capacity per year.
The alumina and aluminium smelters located in West Kalimantan province have a planned production capacity of one million metric tons and 600,000 tons per year, respectively.
Danantara will also develop poultry facilities in 30 locations and seeks to produce 1.5 million tons of chicken meat and one ton of eggs, it said.
Reuters
