Consistently Supporting Energy Transition, MMS Group Indonesia Wins Award

MMSGI. (doc MMSGI)

JAKARTA - MMS Group Indonesia (MSGI) won the EcoVisionary Award: Outstanding Contributions to Energy Transition Excellence from CNBC Indonesia.

This award is given to companies that have contributed significantly to a sustainable energy transition.

MMSGI is considered to have shown high consistency in realizing just and ordersly transitions in the energy sector in order to support Indonesia Net Zero Emission (NZE) 2060.

MMSGI's commitment to energy transition is becoming increasingly evident in 2020, where the MMS Solution sub-holding was formed specifically to oversee the sustainable energy business.

The company has various projects, both operating and in development stages such as the development of new renewable energy-based energy sources, mineral downstream projects to provide added value and strengthen the electric battery industry, as well as food security.

The role of MMSGI in efforts to reduce emissions can be seen through its contribution as one of the first ten buyers of carbon credit trading at IDX Carbon.

The participation of MMSGI as a carbon credit buyer is a step to support the reduction of carbon emissions in Indonesia.

MSG rating ESGI has been assessed by S&P 2 consecutive years with an increase in the score of more than 40 percent compared to the previous year.

In fact, this year's MSGI rating ESG is also assessed by Sustainalytics. This assessment shows that MMSGI's sustainability commitment has received attention from global scale assessing institutions.

Not only that, one of the EBT projects that has been operating by MMSGI is the solar power plant (PLTS) with a capacity of 1.3 MW for office facilities and coal terminals at the Loa Kulu Coal Terminal Port (LKCT).

This PLTS has been operating since 2022 and generates electricity for the operational activities of the PT Multi Harapan Utama (MSGI subsidiary) office.

In addition, MMSGI is also planning another PLTS development project with a total capacity of 120 MW by utilizing post-mining land.

Meanwhile, MSSGI and PLN subsidiaries signed a Memorandum of Understanding (MOU) in April 2023 and are currently in the process of feasibility studies.

This not only reflects MMSGI's commitment to clean energy sources, but also shows the Company's ability to integrate sustainable solution innovations in its operational activities.

MMSGI plays a proactive role in supporting global and national targets to mitigate the impacts of climate change.

MMSGI, through its subsidiary, Mitra Murni Perkasa (MMP), is developing a class 1 smelter with nickeljare products as a form of support for the development of mineral downstream and battery industry ecosystems in Indonesia. This project is expected to operate in 2025.

Smelter MMP has several innovations to reduce the overall carbon footprint of the project. The MMP nickel smelter utilizes the availability of PLN electricity excesses in East Kalimantan instead of building new fossil fuel power plants.

In addition, the MMP nickel smelter uses a method of efficient fuel transportation in the delivery of raw materials. MMP nickel smelters are also planned to use a renewable electricity mixture, consisting of PLN and PLTS 20 MW.

MMSGI's contribution in developing the Indonesian Food Security Project MMSGI has also carried out projects to increase Indonesia's food security.

One of them is through Miniranch Jayatama, which has operated on 200 hectares of post-mining land which is integrated with ecotourism facilities in East Kalimantan.

This facility includes agricultural areas, such as ginger and coffee cultivation as well as animal conservation centers for deer, goats and chickens. Collaborating with universities and local communities, Miniranch Jayatama established agricultural research facilities.

This shows concrete steps towards the progress of agricultural science and upskilling the skills of local communities to prepare the community in the transition of post-mining life.

In the agricultural sector, MMSGI corn applies a solid agricultural methodology by involving universities as research partners to increase yields and quality through sustainable improvement and innovation.

The company plans to develop these practices in an area of 90-100 hectares in the next two years in South Sumatra.

"This is a series of our efforts that continue to be consistent in carrying out sustainable business diversification to realize just and ordered energy transition in Indonesia. After formulating the strategy last year, we have made progress by implementing this strategy this year as an effort by MMSGI to support Indonesia NZE 2060," said MMS Group Indonesia CEO Sendy Greti.

For information, in 2022 MMSGI will receive CNBC awards for Outstanding Strategy for Sustainability and Diversion.

Then in 2023, MMSGI won the EcoVisionary Award: Outstanding Contributions to Energy Transition Excellence from CNBC Indonesia, a recognition of the company's significant contribution in supporting a sustainable energy transition to Indonesia NZE 2060.