The Minister of Energy and Mineral Resources announced that the government has finalized 21 first-phase downstream industry projects with a total investment of US$40 billion (approximately IDR 659.2 trillion), funded by the National Energy Investment Authority (BPI Danantara). These projects cover multiple strategic sectors including oil and gas, mining, agriculture, and marine. Key projects include the construction of oil storage facilities on Nipa Island to enhance national energy security, aiming to meet the presidential decree requirement of fulfilling 30 days of national demand. A refinery with a daily capacity of 500,000 barrels will also be built to ensure stable domestic energy supply and reduce import dependence. In the coal gasification sector, the goal is to develop dimethyl ether (DME) as a substitute for imported LPG, utilizing domestic resources without relying on foreign investors, with parallel development in South Sumatra, East Kalimantan, and South Kalimantan. Additionally, the added value of minerals such as copper, nickel, and bauxite will be increased, while fisheries, agriculture, and forestry are also priorities for downstream industries. President Prabowo has identified 26 commodity sectors as national downstream industry priorities. The downstream industry is expected to create a large number of jobs while boosting national revenue and economic growth. The government has planned downstream processing for 28 commodities, which is expected to generate substantial returns and employment opportunities.
The Minister of Energy and Mineral Resources announced that the government has finalized 21 first-phase downstream industry projects with a total investment of US$40 billion (approximately IDR 659.2 trillion), funded by the National Energy Investment Authority (BPI Danantara). These projects cover multiple strategic sectors including oil and gas, mining, agriculture, and marine. Key projects include the construction of oil storage facilities on Nipa Island to enhance national energy security, aiming to meet the presidential decree requirement of fulfilling 30 days of national demand. A refinery with a daily capacity of 500,000 barrels will also be built to ensure stable domestic energy supply and reduce import dependence. In the coal gasification sector, the goal is to develop dimethyl ether (DME) as a substitute for imported LPG, utilizing domestic resources without relying on foreign investors, with parallel development in South Sumatra, East Kalimantan, and South Kalimantan. Additionally, the added value of minerals such as copper, nickel, and bauxite will be increased, while fisheries, agriculture, and forestry are also priorities for downstream industries. President Prabowo has identified 26 commodity sectors as national downstream industry priorities. The downstream industry is expected to create a large number of jobs while boosting national revenue and economic growth. The government has planned downstream processing for 28 commodities, which is expected to generate substantial returns and employment opportunities.