JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia revealed that the government has decided that the first phase of downstreaming with an investment target of US$618 billion will start with 21 strategic projects worth US$40 billion.
"These projects include the energy, mining, marine, and agricultural sectors, which aim to create jobs and strengthen national economic resilience," Bahlil said as quoted on Tuesday, March 4.
For the first phase, this investment will build storage or storage for crude with a capacity of up to 30 days on Nipah Island.
Furthermore, a refinery will also be built with a capacity of 500,000 barrels.
"Ini salah satu terbesar lainnya. Ini akan mendorong agar ketahanan energi kita betul-benar lebih baik," kata dia.
Furthermore, the government will also build a low-calorie coal downstream project into Dimethyl Ether (DME) which will be a substitute for LPG.
"We will do this so that the products can really be marketed domestically as import substitutions," Bahlil added.
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Other projects to be developed include increasing added value on copper, nickel and bauxite to become alumina.
"Others in fisheries are also included, especially forestry," he said.
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