Business and Investment
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PGN, Conrad collaborate on gas supply from Aceh's oil potentials
Gas subholding of Pertamina, PT Perusahaan Gas Negara (PGN), has embarked on a strategic collaboration with Conrad Energy Asia Ltd, signifying a landmark initiative in the energy sector.
ExxonMobil revives Banyu Urip oil well after 8 years
ExxonMobil Cepu Ltd (EMCL) has commenced the optimization program for the Banyu Urip field development in the Cepu Block, Bojonegoro, East Java, drilling the infill carbonate well on Friday, March 1, 2024.
Indonesia aims for energy independence with renewable resources
Minister of Defense Prabowo Subianto says Indonesia is aspiring to achieve energy self-sufficiency by embracing renewable resources such as cassava.
Authority forecasts independent financing for IKN development over the next decade
The Nusantara Capital Authority has predicted that the development of the Nusantara ndonesia Capital City (IKN) over the next 10 years will not require financing from the State Budget (APBN).
Pupuk Indonesia to build 2 glass raw material plants with a capacity of 600,000 tons
State fertilizer company PT Pupuk Indonesia has planned for the construction of two soda ash plants, each with a capacity of 300,000 tons, to supply raw materials for the glass and ceramic industries. Currently, domestic soda ash is entirely imported, with demand reaching 1.2 million tons per year.
Indonesian PMI for February 2024 down from previous month
The Purchasing Managers' Index (PMI) for Indonesian manufacturing in February still reflects an expansive manufacturing sector although the country booked a score of 52.7, a slight decrease from January's 52.9. According to the S&P Global index, manufacturing production showed an upward trend in February, with growth rates remaining solid despite a decline compared to January.
Jokowi releases first batch of ammonium nitrate
President Joko “Jokowi” Widodo inaugurated the first delivery of ammonium nitrate produced by State-owned PT Kaltim Amonium Nitrat (KAN) in a ceremony held at the Bontang Industrial Estate Zone (KIE) in East Kalimantan on Thursday, February 29, 2024. The company, which is a joint venture between PT Pupuk Kaltim (a subsidiary of PT Pupuk Indonesia) and PT Dahana Investama Corp. (a subsidiary of PT Dahana) has a production capacity of 75,000 metric tons of ammonium nitrate per year with an investment of Rp 1,2 trillion (US$76.3 million).
PLN EPI to supply 2.2 million tons of biomass to 47 PLN Group power plants
PLN Energi Primer Indonesia (PLN EPI), a subholding of State electricity company PT PLN, will supply 2.2 million tons of biomass to 47 power plants owned by PLN Group this year, a 220 percent increase compared to the 2023 realization of 1 million tons.
ESDM holds research on CCS potentials in Java, Kalimantan
The Geological Agency of the Ministry of Energy and Mineral Resources at the Ministry of Energy and Mineral Resources (ESDM) will conduct research on the potential for carbon dioxide emissions and Carbon Capture Storage (CCS) on Kalimantan Island.
PLN Nusantara Power achieves NRE synchronization in IKN
State electricity company PT PLN, through its sub-holding company PLN Nusantara Power, has connected the 10-megawatt (MW) phase I of the Nusantara Capital City (IKN) solar power plant to the transmission network on February 29, 2024. The IKN project has a total solar power capacity of 50 MW.
Erick Thohir advocates for integrated Petrochemical fertilizer industry
The Ministry of State-Owned Enterprises (BUMN) underscores the crucial role of the petrochemical industry in boosting productivity and self-sufficiency in domestic fertilizer production.
Jokowi inaugurates Rp1.2 trillion ammonium nitrate plant
President Joko “Jokowi” Widodo inaugurated PT Kaltim Amonium Nitrat (KAN), an ammonium nitrate plant operating through a joint venture between PT Pupuk Kaltim and PT Dahana in the Industrial Estate Area (KIE) of Bontang, East Kalimantan on Thursday, February 29, 2024.