#Energy
Indonesia needs investment for developing EVs despite having good prospect
Indonesia is one of the biggest markets for automotive industry, especially electric vehicles (EV), in 2022. The country's population of 273.5 million people, the rise of its middle-class population to about 52 million and the rise of economic growth to 5.44% year-on-year (yoy) are among the supporting factors. Furthermore, the government has been supportive and welcome investment for the development of EVs.
Denpasar builds Liquefied Natural Gas (LNG) regasification
Denpasar city, the capital of resort island Bali, has built a Liquefied Natural Gas (LNG) regasification project since 2021. It is part of the Investment Coordinating Board (BKPM)'s 47 national projects. The investment for the project is worth IDR 1.62 trillion.
Indonesia to secure US$ 138.2 million palm kernel shells export deal to Japan
Indonesia has secured eight trade contracts for palm kernel shells for Japan's renewable energy needs valued at US$ 138.2 million (IDR 2.1 trillion). The contract was signed in a business meeting in Tokyo on September 28, 2022.
PT Indonesia Strategis Industri to build an integrated green economic zone in North Kalimantan
PT Indonesia Strategis Industri (ISI) - in partnership with PT Kayan Hydro Energy (KHE) and PT Pelabuhan Internasional Indonesia (PII) - plans to build a green economic zone in Tanjung Selor, North Kalimantan. By using electricity generated by KHE’s hydroelectric power plant and using materials from the construction project of the said power plants, the green economic zone will integrate multiple industries and infrastructure. The economic zone will be built in Tanah Kuning village, Mangkupadi, East Tanjung Palas, Bulungan regency, North Kalimantan.
Vivo increases price following Pertamina's fuel price hike
Private oil company PT Vivo Energy Indonesia has increased its fuel prices, following Pertamina's step in increasing the latter's prices on Pertalite subsidized fuel and non-subsidized Pertamax on September 3, 2022. Previously, Vivo sold its revvo 89, research octane number (RON) 89 fuel, at a lower price of IDR 8,900/liter. The government ordered Pertamina to sell RON 90 Pertalite that a price of IDR 10,000/liter. Two days later, Vivo raised the price of its revvo 89 fuel to IDR 10,900/liter.
Jakarta to establish new EV charging station soon
Jakarta is developing an electric vehicle (EV) charging station in Setiabudi district, South Jakarta. The project, supported by the Investment Coordinating Board (BKPM), began in 2021 and worth IDR 67.32 billion. It will add to the existing 63 charging stations throughout the capital as well as providing better access for EV users.
North Kalimantan develops downstream industry for CPO
North Kalimantan, supported by the Investment Coordinating Board (BKPM), has been establishing a downstream industry of crude palm oil (CPO) in Bulungan regency since 2020. The industry has an investment worth IDR 269.62 billion. The project is feasible to investors since there are supports in infrastructure, geography, transportation and a strategic location.
Industrial hazardous waste management developed in Banten
Banten is developing industrial hazardous waste management in Bojonegara district, Serang Regency. The project was established in 2021 with an investment worth IDR98.75 billion and is potentially profitable for investors.
President Jokowi hopes the plan to change pertalite prices should not lower people's purchasing power
President Joko Widodo (Jokowi) said the change in the price of pertalite fuel oil (BBM) will be carefully decided so as not to reduce people's purchasing power and hurt the country's economic growth. August 23 After attending an event at the Indonesian Chamber of Commerce and Industry (Kadin) in Jakarta's Taman Mini Indonesia Indah on Tuesday, President Jokowi said the price change program for Pertalite has affected many people's lives and will continue to do so.
Nickel and mining problems in Indonesia
Nickel giant Tsingshan Holding Group Co., owned by billionaire Xiang Guangda, is reportedly in talks to sell some of its Indonesian stainless steel assets to China Baowu Steel Group Corp, as part of a strategic review to people familiar with the negotiations. State-owned Baowu, the world's largest producer of crude steel, is likely to take control of part of the Tsingshan integrated production line at the Morowali Industrial Park in Central Sulawesi, Indonesia.
Venezuela offers numerous prospective oil blocks to Indonesia
Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM), Tutuka Ariadji, reveals that Venezuela has offered several prospective oil blocks to Indonesia, but the United States' embargo on Venezuela remains a constraint for further acquisitions in the country.
ESDM strikes deal with Eni on decarbonization program
The Ministry of Energy and Mineral Resources (ESDM) signed a low-carbon business development cooperation agreement with Italian oil giant Eni S.p.A (Eni) at the ministry headquarters in Jakarta on Friday, February 2, 2024.