Danantara completes investment study for battery and other projects in December

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The Minister of Energy and Mines has announced that the feasibility studies (FS) for 18 energy and resource downstreaming and energy security projects under the responsibility of the BPI Danantara agency will be completed in December 2025.The projects, with a total investment of about 300 trillion dong, cover key areas such as the electric vehicle battery ecosystem.

In his speech for the commissioning ceremony of Lotte Chemical's petrochemical plant in Indonesia, he said that the relevant report has been submitted to President Prabowo. Among themElectric Vehicle Battery ProjectPreviously not included in the proposal submitted to Danantara by the National Working Group on Accelerated Downstreaming and Energy Security at the end of July, it has now been included in the study.

He emphasized that if the study proceeds smoothly, Indonesia will establish aLocal Electric Vehicle and Battery Industry Chain, to meet raw material demand. Danantara's CEO revealed that the team is coordinating with the Department of Energy to adjust theProject assumption parameters, some details need to be further optimized. The original proposal contained 18 items.Total investment of $38.63 billionThe

The project involvesMinerals (e.g., aluminum smelting, coal to DME), agriculture, fisheries, energy transition (e.g., solar modules, bioaviation fuels) and energy security (e.g., refineries, storage tanks)and other areas in several regions of the country. The program is designed toPromote value-added Indonesian resources to reduce import dependence, while laying out the new energy industryThe

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