Indonesian investment firm to invest directly in coal-to-dimethyl ether project

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The chief executive of BPI Danantara, the country's sovereign wealth fund, has said the agency may directly invest in coal-to-dimethyl ether (DME) projects to replace liquefied petroleum gas (LPG) Import.Potential technology partners and investment plans are currently being evaluated. Data from the Ministry of Energy and Mines show that the countryLPG consumption of about 8.5 million tons per yearLibyan Arab JamahiriyaDomestic production capacity of only 1.3 million tonssurplus7 million tons dependent on importsThe

This comes after the Minister of Energy and Mines revealedEuropean and Korean companies are interested in forming a consortium to invest in the project, and Chinese companies have also expressed interest.. State-owned coal mining companiesPTBAConfirm that their DME project specifications are consistent with previous andAirborne Chemical Products of America, Inc.APCI)Co-operative planning is consistent.Annual production capacity of 1 million tonsThe

Danantara is currently working onTax breaks, capital goods import facilitation and project capital expenditure supportand other incentives. The program has enteredFinal evaluation phaseThe purpose of the project is to provide a platform for the development of coal-based DME technology through theReduce dependence on imported LPG and enhance national energy securityThe

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