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President Prabowo Subianto has approved the proposal for the first stage of downstreaming list for 2025 submitted by the National Downstream and Energy Resilience Task Force.
Through this project, downstream activities are prioritized for 21 projects in 26 mining commodity sectors worth US$40 billion (Rp659.2 trillion).
Head of the National Downstream and Energy Resilience Task Force, Bahlil Lahadalia, outlined 21 priority projects in the early stages, including a crude oil storage facility on Nipah Island, Batam. The project aims to increase domestic crude oil supplies for 30 days.
In addition, there are other priority projects, such as the construction of an oil refinery with a capacity of 500 thousand barrels.
"This will be one of the biggest ones in the future, in order to encourage better energy security," Bahlil, who is also Minister of Energy and Mineral Resoiurces (ESDM), said on Monday, March 3, 2025.
Bahlil said the government plans to restart the coal gasification project into dimethyl ether (DME) in three locations in Sumatra and Kalimantan.
He said the project aims to process low-calorie coal to reduce imports of liquefied petroleum gas (LPG).
Then, another priority project is the process of adding value to copper, nickel and bauxite commodities.
In addition to the mineral, coal, oil and gas sectors, priority downstream activities also target the agriculture, fisheries and forestry sectors.
Meanwhile, Minister of Investment and Downstreaming, Rosan P. Roeslani, said that the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) will support downstreaming projects, especially in financing them.
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