Tag: indonesia

Indonesia announced a USD 12.5 billion investment in a new 531,500 bbl/d refinery to enhance domestic oil processing capacity, marking its first new refinery since 1994.

Wuxi Huaguang will supply four CFB boilers to Malaysia’s Press Metal for an alumina refinery in Indonesia. The USD 138.2 million project supports plans to potentially double the refinery’s capacity.

Indonesia is building three solar plants in East Java, West Java, and West Sumatra, with a total 220 MWp capacity. This aligns with the government's effort to transition from fossil fuels to renewable energy sources.

ADB is providing USD 92.6M to expand Indonesia’s geothermal power with a new 83MW plant in West Sumatra, boosting energy security and reducing emissions.

Petronas greenlights the Hidayah field project in East Java, featuring unmanned platforms and advanced offshore facilities.

Chandra Asri is expanding its Butene-1 and MTBE plants in Indonesia by 25%, strengthening the domestic petrochemical industry.

P T PLN Indonesia Power (PLN IP) invited Japanese investors during the Japan RE Invest Indonesia 2024 event to join its decarbonization efforts by investing in hydropower projects, known as the Hydronesia Project, throughout Indonesia. PLN IP plans to add 9 GW of power capacity by 2030, with approximately 6 GW from renewable energy. Three hydropower projects offered under the Hydronesia Project are the Tanjung Sakti hydropower plant in South Sumatra, the Jatiluhur pumped storage plant in West Java, and the Tabang hydropower plant in East Kalimantan, with a combined capacity of 1,045 MW. PLN IP is inviting partners under a proposed ownership scheme of 51% to PLN IP and 49% to the partner, with 70% project financing support.

Walsin Lihwa invests in a stainless steel wire rod plant in Indonesia, with production set to begin in 2027.

Indonesia plans USD 600 billion in downstream industries, focusing on domestic refining like ferronickel for stainless steel by 2045.

Kuwait Foreign Petroleum Exploration Company (KUFPEC) will expand its foreign oil projects, especially in Indonesia, as it seeks to seize many bids in the oil and gas exploration areas offered by Indonesia from 2024 to 2029 -- more than 50 land and sea areas.