Indonesia plans to invest over six trillion dollars to develop eighteen downstream projects

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Indonesia plans to build coal downstream industry projects at six sites to convert coal into dimethyl ether, as part of 18 national downstream industry and energy security projects for which pre-feasibility studies have been completed.The project sites are located in Bulungan, Kutai Timur, Kota Baru, Muara Enim, Pali and Banyuasin. It is expected to invest 164 trillion rupiah and will create 34,800 jobs. Pre-feasibility study completed by the National Task Force on Downstream Industry and Energy Security, documentation has been submitted to the CEO of Danantara, Indonesia's investment authority, no specific builder has yet been identified, Danantara will carry out a comprehensive assessment including social, legal, and technological impacts and will commission an independent party to conduct the analysis.18 projects with an estimated total investment of Rp 618.13 trillion ( US$38.63 billion), potentially creating 276,636 direct and indirect jobs. Key projects include the Mempawah aluminum smelter (bauxite) in West Kalimantan province with an investment of 60 trillion rupiah, providing 14,700 jobs; the Buton bitumen industry in Southeast Sulawesi province with an investment of 1.49 trillion rupiah, providing 3,450 jobs; oil refineries in various locations such as Lhokseumawe, Sibolga, and others, with an investment of 160 trillion rupiah, providing 44,000 jobs; and oil refineries associated with oil refineries with a total investment of 618.13 trillion rupiah (about US$38.6 billion). 44,000 jobs; and the oil storage tank project with the same location as the refinery, with an investment of 72 trillion rupiah and 6,960 jobs. The Minister of Investment said that Danantara wants to encourage domestic and foreign companies to participate in these projects, especially domestic companies, believing that the implementation of more projects will have a more positive impact on the economy, employment, etc., and that all processes will be carried out properly and correctly.

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