Danantara Leads National Hydrocarbon Processing of Rp116 Trillion, Indonesia Surpasses Global SWF Trend
JAKARTA - Indonesia has reaffirmed its strategic steps in accelerating the transformation of the national economy. Through the groundbreaking inauguration of 13 National Industrialization Projects Phase II worth Rp116 trillion, Indonesia proved to be one step ahead in optimizing the role of global Sovereign Wealth Funds (SWF) for industrial sovereignty.
This ambitious project was inaugurated directly by President Prabowo Subianto in Cilacap, Wednesday (29/4/2026). The presence of the Anagata Nusantara Power Investment Management Agency (Danantara) is the key to a paradigm shift: from merely managing passive assets to becoming a strategic engine driving industrialization.
"Hilirisasi: Jalan Tunggal Menuju Kemakmuran"
In his remarks, President Prabowo Subianto emphasized that the policy of downstreaming is not merely a choice, but the main foundation for economic revival.
"Diversification is the only way for us to be more prosperous," said the President. The government's current focus is to stop dependence on raw material exports and switch to domestic processing with high added value.
The Minister of Investment and Industrialization who is also the CEO of Danantara, Rosan Roeslani, added that the management of state assets now serves as a catalyst.
"This is the beginning of a big leap. Indonesia is not only rich in natural resources, but also sovereign in processing and prosperous in its results," said Rosan.
Indonesia Tops Global SWF Model
Danantara Indonesia's move has attracted attention because it is considered more progressive than the SWF trend in developed countries. Currently, many countries are just beginning to adopt the SWF model as a strategic tool for industrialization:
Canada: Just formed the Canada Strong Fund in April 2026 for the energy and infrastructure sectors. United States: Planning to establish a SWF in February 2025 for the security of the next generation economy. United Kingdom: Operating the National Wealth Fund starting March 2025 with a focus on the green energy transition.Unlike these countries which are still in the stage of strengthening institutional design, Indonesia through Danantara has executed the downstream agenda in a tangible manner. This integrated approach positions Indonesia as a leader of a new direction for the utilization of state funds to create domestic added value.
List of 13 National Liquefaction Projects Phase II
This project worth Rp116 trillion covers the energy, mineral, and agricultural sectors. The following are the details of the strategic project:
Energy sector (BBM & Gas): Construction of gasoline refineries in Dumai and Cilacap, fuel tanks in Palaran, Biak, and Maumere, and DME production facilities of 1.4 million tons/year in Tanjung Enim. Metals & Minerals sector: Stainless steel manufacturing in Morowali, production of carbon steel slabs in Cilegon, and the processing of copper and gold in Gresik. Infrastructure & Asphalt sector: Development of the Buton Asphalt ecosystem in Karawang. Plantation & Food sector: Palm oil processing (Oleofood & Biodiesel) in Sei Mangkei, as well as integrated nutmeg and coconut processing in Central Maluku.The existence of Danantara Indonesia proves that Indonesia is building a robust and globally competitive industrial ecosystem. By orchestrating cross-sector policies, the government is optimistic that this structural economic transformation will bring Indonesia to the top economic position in the world.