TEMPO.CO, Jakarta - The Indonesian Ministry of Investment and the Investment Coordinating Board (BKPM) stated that they have received significant interest in coal downstream investment, with alternative technologies proposed for its processing.
"So, there is indeed a significant amount of interest that we have tried to absorb their aspirations. There are several proposed technologies through PT Bukit Asam Tbk and also PT Perusahaan Gas Negara Tbk (PGN) in promoting alternative technologies in processing coal," said Rizwan Aryadi Ramdhan, the Director of Mineral and Coal Downstreaming of the Ministry of Investment and BKPM in Jakarta, on Wednesday.
According to him, several other companies have submitted derivatives of coal downstream.
Rizwan stated that the Ministry of Investment is currently conducting an inventory of investment interests. It is expected that incoming investments will enrich the coal downstreaming road map.
In the coal downstreaming road map 2023-2040, the target is to fully convert specific subsidized liquefied petroleum gas (LPG) into Dimethyl Ether (DME), as well as meet the domestic demand for coke/semi-coke. The targeted coal downstreaming products are DME, methanol, and coke/semi-coke.
In addition, the government has set the reference coal price (HBA) for the first period of July 2025 at US$107.35 (Rp1.74 million) per ton, an increase of US$8.74 (Rp141,700) or 8.86 percent per ton compared to the second period of June 2025 at US$98.61 (Rp1.59 million) per ton.
The determination of HBA is regulated in the Minister of Energy and Mineral Resources Decision Number 72 of 2025 concerning Guidelines for Setting Benchmark Prices for the Sale of Metallic Minerals and Coal Commodities.
The Ministry of Investment recorded that the potential investment in these commodities reached US$31.82 billion or Rp518 trillion (exchange rate of Rp16,294 per U.S. dollar), employing 23,160 people, contributing US$2.26 billion or Rp36 trillion to the Gross Domestic Product (GDP), and increasing exports by US$11.3 billion or Rp184 trillion.
Furthermore, Rizwan stated that this year they are targeting to attract investments in downstreaming amounting to Rp521.4 trillion, with 15 priority commodities based on the National Medium-Term Development Plan (RPJMN) for 2025-2029.
Editor's Choice: Pertamina Unveils $9.25 Billion Investment Opportunities Across 19 Projects
Click here to get the latest news updates from Tempo on Google News
Sri Mulyani: War, Elections Pose Risks, But Indonesia's Economy Is Recovering
1 hari lalu
Sri Mulyani Indrawati stated that throughout 2024, geopolitical tensions and general elections in 70 countries had triggered significant uncertainty.
Indonesian Gov't Opens Door to Foreign Hospitals: 3 Things to Consider
1 hari lalu
Health expert welcomed foreign hospitals in Indonesia but urged careful implementation to benefit public health.
Indonesia's Danantara and Japan's JBIC Forge Green Economy Partnership
4 hari lalu
A collaboration between Danantara and a Japanese public financial institution for green economy and digital connectivity projects
What Is the Best Currency to Invest in? Top 5 Choices for 2025
5 hari lalu
When looking for the best currency to invest in, various sources cite the USD and the Euro as top choices, primarily driven by their stable value.
Indonesia-Eurasia Free Trade Talks Enter Final Phase
5 hari lalu
The legal scrubbing process is expected to be finished soon, allowing the free trade agreement to be signed in December.
INA Reports Rp65.4tn in Total Investments in May
5 hari lalu
The Indonesia Investment Authority (INA) reported a cumulative investment value of Rp65.4 trillion since its establishment in 2020 through May 2025.
Finance Minister Affirms Danantara Investments Must Serve Public Interest
6 hari lalu
Indonesian Finance Minister Sri Mulyani discusses long-term investment strategy with Danantara's Chief Investment Officer, Pandu Sjahrir.
Trump Hosts Five African Leaders for Investment, Trade Talks
6 hari lalu
President Trump hosted five African leaders at the White House to discuss investment collaboration, migrant deportation, and regional security.
Trump's Tariff Relief Offered to Indonesia, But with Terms Attached
7 hari lalu
President of the United States, Donald Trump, has offered Indonesia the opportunity to exempt from a 32 percent import tariff. What are the terms?
Indonesia's Alfamart Invests Rp16.2 Billion in Used Cooking Oil Recycling Firm
7 hari lalu
Corporate Secretary Alfamart Tomin Widian stated that the purchase is related to the investment agreement with Nooveleum Indonesia.
