Downstream Coal Has Investment Potential Of Up To 31.82 Billion US Dollars

Coal (photo: dock. intermediate)

JAKARTA - Deputy Minister of Investment and Downstreaming / Deputy Head of the Investment Coordinating Board (BKPM) Todotua Pasaribu revealed that coal commodity investment until 2040 has the potential of up to 31.82 billion US dollars.

"There are several potential downstream coal that we can do, but in principle the main formulation is that we create what is called coal regasification, converting coal into gas products," said Todotua at the Mining Forum in Jakarta, Tuesday, March 18.

Todotua said that downstreaming of coal into gas could be a solution for Indonesia, which requires cheap energy sources.

"If it has become a gas product, of course there are many processes that we can do because gas itself is a cheap source of energy," said Todotua.

He detailed that a number of coal downstream projects that Indonesia can carry out include kokas / semi kokas, methanol, and dimethyl ether (DME) which are predicted to be substitutes for LPG.

In terms of labor absorption, he continued, downstream projects could absorb 23,160 workers and contribute to gross domestic products of USD 2.26 billion. On the other hand, this project can also increase exports by USD 11.3 billion.