JAKARTA - The Special Economic Zone (SEZ) of Industropolis Batang reiterated its reputation as a global investment magnet. A new milestone was recorded with the signing of the Industrial Land Utilization Agreement (PPTI) between the KEK Industropolis Batang and PT LBM Energi Baru Indonesia Batang, the global affiliated company that has become known as the number one Lithium Iron Phosphate (LFP) supplier in the world.
The signing was carried out by Ngurah Wirawan, President Director of SEZ Industropolis Batang, and Washington Feng, CEO of PT LBM Energi Baru Indonesia Batang, at the Ballroom of the Industropolis Batang SEZ Management Building.
The first phase of investment worth IDR 1.5 trillion will stand on an area of 31.72 hectares and is divided into three phases of development. This project is projected to absorb up to 1,000 local workers, with an operational plan in June 2026.
The presence of LBM in SEZ Industropolis Batang brings a value of more than just investment. This facility will be fully oriented towards exports with a target capacity of 150,000 tons of LFP and 150,000 tons of FP per year. Not only that, but Induststropolis Batang will also be the location of the largest LFP research and development center (R&D) in Indonesia, making it the epicenter of the birth of green battery innovations that support the electric vehicle ecosystem, electric boats, electric motors, and future energy storage systems.
"The presence of LBM in SEZ Industropolis Batang is clear evidence that this area is trusted by world-class global players. We are proud that Batang is now an important part of the world's new energy supply chain, as well as opening up great opportunities for local and national economic growth," said the President Director of SEZ Industropolis Batang, Ngurah Wirawan, in a written statement, Thursday, September 11.
The CEO of PT LBM Energi Baru Indonesia Batang, Washington Feng, added that his party chose the Industropolis Batang SEZ because this area has a strategic position, classy infrastructure, and strong investment ecosystem support.
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"From Batang, we will present a new production center as well as energy innovation capable of responding to global market needs," he explained.
PJ Secretary of Batang Regency, Sri Purwaningsih, said that this investment not only brings global technology and capital to Batang, but also opens up great opportunities for local communities to grow together.
"Local governments are committed to fully supporting through improving the quality of human resources, strengthening infrastructure, and cross-sectoral collaboration so that investment benefits can be felt evenly by the Batang community," Sri explained.
With this monumental step, SEZ Industropolis Batang is increasingly upholding as a center of world-class green industry, as well as an EV Ecosystem driving force, a forum for international investment meetings, cutting-edge technology, and Indonesia's superior talent towards a new energy future.
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