#Energy
Indonesia surpasses Australia and the Philippines to become the second largest cobalt producer
Indonesia has become the second largest cobalt producer in 2022 below the Democratic Republic of Congo which has 5% of global cobalt production, also surpassing Australia and the Philippines.
PLN cooperates with France-based HDF to develop hydrogen power plant in Indonesia
State-owned electricity company PLN is collaborating with French company Hydrogen de France to develop hydrogen technology in Indonesia. In a visit to France, PLN CEO Darmawan Prasodjo signed a Memorandum of Understanding with HDF on April 18, 2023.
Chandra Asri and INA develop chlor alkali plant for EVs industry
PT Chandra Asri Petrochemical Tbk (Chandra Asri), Indonesia's largest integrated petrochemical company, and the Indonesia Investment Authority (INA), have signed a Memorandum of Understanding (MoU) on collaboration to develop a world-scale chlor-alkali plant in Indonesia.
IBC has signed agreements with CBL and LG to develop EVs battery.
Chief Executive Officer of PT Industri Baterai Indonesia Toto Nugroho said that the company needs high cost to finance the development of electric vehicle battery .
Pertamina CEO explains factors leading to fires at refineries
The fire that occurred at the oil refinery owned by state-owned oil and gas company PT Pertamina in Dumai, Riau, added to a long list of a series of fires at Pertamina assets in the last several years.
A fire broke out at Pertamina’s Dumai refinery raising questions on safety procedures
Nine people were injured, and several houses and houses of worship sustained damage after a fire broke out at the state-owned oil and gas company Pertamina refinery in Dumai, Riau province, on April 1, 2023. Recurring fire incidents at Pertamina fuel processing and storage has raised questions about the management‘s monitoring of safety procedure.
K-pop fans call out to South Korea’s automotive giant Hyundai to withdraw from a planned coal power plant in North Kalimantan.
KPOP4PLANET, a fan-driven climate initiative, along with Indonesian fans of BTS (known as ARMY) wrote an open letter to South Korean automotive company Hyundai to withdraw from their recent agreement with Adaro in which the company invested in a 1.1 GW coal power plant and smelter construction in North Kalimantan.
Eight Electric Motorcycle Companies to Benefit from Government Subsidy Program
Eight electric motorcycle companies had successfully qualified to receive the electric vehicle subsidy from the government. Through the subsidy, the motorcycle companies will receive a subsidy of Rp 7 million for one electric motorcycle unit. The Industry Ministry's director general of metals, machinery, transportation equipment, and electronics industry (ILMATE) Taufiek Bawazier, said that the eight companies had fulfilled the government's condition that requires companies to produce the motorcycle with 40% of local components ratio.
Bayan Resources absorbs US$ 166.2 million Capex, to increase coal production in 2023
PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.
TOBA sets US$ 50-60 million Capex for 2023
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) - which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan - has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
Medco prepares US$150 million Capex for South Natuna Block
Oil and gas mining company PT Medco Energi Internasional Tbk has prepared US$150 million in capital expenditure (Capex) to develop the South Natuna Sea Block B Production Sharing Contract (PSC).
RMKE allocates IDR 1 trillion Capex for 2024-2026
Coal logistic service provider PT Rantai Mulia Kencana Energy Tbk (RMKE) has allocated Capex of IDR 1 trillion from 2024 to 2026 to build 155 kilometers (km) road infrastructure. The infrastructure will support the hauling service and mining activities.