JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia ensured that the government does not need foreign investors for the coal downstream project to become Dimethyl Ether (DME).
Bahlil said that previously Indonesia had collaborated with the DME project with a company from the United States, Air Product, which then left.
Furthermore, cooperation was continued with companies from China but has not been realized to date.
"Now we don't need investors. The state has gone through the president's policy of utilizing domestic resources. What they don't need is technology," Bahlil said as quoted on Tuesday, March 4.
Later, capital expenditures or Capital Expenditure (Capex) will come from the government, one of which is Danantara and cooperates with the national private sector.
"So I think there is no longer dependence on other parties. One of them is from Danantara," he continued.
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The black gold downstream project will be located in South Sumatra, East Kalimantan and South Kalimantan.
"There are 3 or 4 DME projects that we will encourage in parallel," said Bahlil.
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