President Prabowo recently chaired a meeting at the Presidential Palace in Jakarta, urging the government to continue accelerating the downstreaming of domestic industries to enhance energy resilience, create job opportunities, and drive economic growth. The meeting formulated 21 first-phase downstreaming projects with a total investment of $40 billion. The Minister of Energy and Mineral Resources stated that the projects cover multiple strategic sectors including oil and gas, mining, agriculture, and marine. Major projects include building an oil storage project on Nipah Island to enhance national energy resilience, aiming to meet the country's 30-day needs, and constructing a refinery with a daily capacity of 500,000 barrels to ensure stable domestic energy supply and reduce import dependence. In the coal gasification sector, dimethyl ether production will be developed to replace liquefied petroleum gas, with parallel development in South Sumatra, East Kalimantan, and South Kalimantan. Additionally, the government will increase added value in sectors such as mining, with fisheries, agriculture, and forestry also being downstreaming priorities. The President identified 26 commodity sectors as national downstreaming priorities. Downstreaming is expected to create a large number of job opportunities for the Indonesian people. The government is confident that these projects will bring positive impacts to the national economy and strengthen Indonesia's position in the global supply chain.
President Prabowo recently chaired a meeting at the Presidential Palace in Jakarta, urging the government to continue accelerating the downstreaming of domestic industries to enhance energy resilience, create job opportunities, and drive economic growth. The meeting formulated 21 first-phase downstreaming projects with a total investment of $40 billion. The Minister of Energy and Mineral Resources stated that the projects cover multiple strategic sectors including oil and gas, mining, agriculture, and marine. Major projects include building an oil storage project on Nipah Island to enhance national energy resilience, aiming to meet the country's 30-day needs, and constructing a refinery with a daily capacity of 500,000 barrels to ensure stable domestic energy supply and reduce import dependence. In the coal gasification sector, dimethyl ether production will be developed to replace liquefied petroleum gas, with parallel development in South Sumatra, East Kalimantan, and South Kalimantan. Additionally, the government will increase added value in sectors such as mining, with fisheries, agriculture, and forestry also being downstreaming priorities. The President identified 26 commodity sectors as national downstreaming priorities. Downstreaming is expected to create a large number of job opportunities for the Indonesian people. The government is confident that these projects will bring positive impacts to the national economy and strengthen Indonesia's position in the global supply chain.