Indonesia sees $32 bln investment in battery chain - government...
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작성자 Alberto 댓글 0건 조회 52회 작성일 23-06-25 21:31본문
Kalimantan seen receiving more investment than Sulawesi
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Indonesia stands firm against deep sea tailings disposal
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Indonesia to shut operations failing on ESG standards
By Fransiska Nangoy
JAKARTA, May 30 (Reuters) - Indonesia could receive an estimated $31.9 billion in investments for projects tied to the battery supply chain by 2026, a senior government minister said on Tuesday, as the government looks to encourage value-added production.
With the country rich in nickel used in batteries for electric vehicles (EV), the government wants to see more investment in nickel downstream sectors to boost economic growth.
The Kalimantan region could receive $12.35 billion in investment, North Maluku could attract $9.78 billion and Sulawesi could see an inflow of $9.84 billion in battery supply chain projects, said Luhut Pandjaitan, coordinating minister for maritime and investment affairs.
To encourage investment from emissions-conscious investors, the Indonesian government has touted the North Kalimantan industrial park on Borneo island as "green", Buy Casino Script with a plan to power activities there with hydropower.
Companies have committed to producing aluminium there.
Luhut told the SMM Indonesia Nickel-Cobalt conference in Jakarta the park could house projects that could produce batteries with a total capacity of 265 gigawatt hours, and petrochemical, iron and steel, alumina and silicon industries.
While Indonesia is known for its abundant coal supply and use, the country is trying to cut emissions and promote tougher environmental, social and governance (ESG) standards.
"If you don't comply (with ESG), I will shut down your industry," Luhut told the conference participants.
He also said Indonesia will not allow deep sea tailings disposal - a controversial method of releasing waste materials into the ocean - for high-pressure acid leaching (HPAL) operations, and will encourage companies to turn the waste into useful materials.
HPAL is a method to create nickel and cobalt intermediate materials used in making EV batteries.
"Please don't underestimate the intention of the Indonesian government on the environment," Luhut said.
(Reporting by Fransiska Nangoy in Jakarta; Writing by Mai Nguyen; Editing by Sonali Paul)
*
Indonesia stands firm against deep sea tailings disposal
*
Indonesia to shut operations failing on ESG standards
By Fransiska Nangoy
JAKARTA, May 30 (Reuters) - Indonesia could receive an estimated $31.9 billion in investments for projects tied to the battery supply chain by 2026, a senior government minister said on Tuesday, as the government looks to encourage value-added production.
With the country rich in nickel used in batteries for electric vehicles (EV), the government wants to see more investment in nickel downstream sectors to boost economic growth.
The Kalimantan region could receive $12.35 billion in investment, North Maluku could attract $9.78 billion and Sulawesi could see an inflow of $9.84 billion in battery supply chain projects, said Luhut Pandjaitan, coordinating minister for maritime and investment affairs.
To encourage investment from emissions-conscious investors, the Indonesian government has touted the North Kalimantan industrial park on Borneo island as "green", Buy Casino Script with a plan to power activities there with hydropower.
Companies have committed to producing aluminium there.
Luhut told the SMM Indonesia Nickel-Cobalt conference in Jakarta the park could house projects that could produce batteries with a total capacity of 265 gigawatt hours, and petrochemical, iron and steel, alumina and silicon industries.
While Indonesia is known for its abundant coal supply and use, the country is trying to cut emissions and promote tougher environmental, social and governance (ESG) standards.
"If you don't comply (with ESG), I will shut down your industry," Luhut told the conference participants.
He also said Indonesia will not allow deep sea tailings disposal - a controversial method of releasing waste materials into the ocean - for high-pressure acid leaching (HPAL) operations, and will encourage companies to turn the waste into useful materials.
HPAL is a method to create nickel and cobalt intermediate materials used in making EV batteries.
"Please don't underestimate the intention of the Indonesian government on the environment," Luhut said.
(Reporting by Fransiska Nangoy in Jakarta; Writing by Mai Nguyen; Editing by Sonali Paul)
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