JAKARTA - The West Java and Banten Regional Development Bank (BJB) together with the national banking led by Bank Victoria, synergize in financing the basic chemical industry strategic project worth Rp600 billion for the construction of a hydrogen peroxide factory in Serang Regency, Banten.
"This financing facility is through a syndicated credit scheme given to PT Hydrogen Peroxida Indonesia (HPI), with banks acting as Joint Mandated Lead Arranger (JMLA) in which there is a BJB which reflects the long-term commitment of the banking sector to strengthening the national chemical industry," said BJB Corporate Secretary Herfinia in a statement in Bandung, quoted by Antara, Saturday, September 27.
This financing involved eight banks, namely Bank Victoria amounting to Rp200 billion, Bank Sinarmas Rp100 billion, as well as regional banks such as banks BJB, Bank Kalteng, Bank Nagari, and Bank Sulselbar, each of which contributed Rp50 billion with a credit tenor of 90 months.
The hydrogen peroxide plant is designed with a production capacity of 20,000 metric tons per year, with about 70 percent output for the domestic market and the rest for export.
This project is considered strategic because it has the potential to reduce Indonesia's dependence on imports of basic chemicals that have been needed by various industrial sectors such as textiles, pulp and paper, pharmaceuticals, and mining.
President Director of PT Sulfindo Adiusaha as a shareholder of HPI, Budiarto Boentaran, said that this syndicated support is an important step in strengthening the structure of the national chemical industry.
"This project not only targets the strengthening of domestic raw material supply, but also opens up export potential and creates added economic value," he said.
Factory construction involves Indian Nuberg Engineering international contractor Ltd with technology support from Nuberg Sweden, to ensure competitive quality standards and operational efficiency at the global level.
In addition to the industrial impact, this project is also expected to have a multiplier effect on the regional economy. During the construction period, the project will absorb local workers, and during operations, will open permanent employment opportunities and encourage the growth of supply chains in the surrounding area.
The existence of this factory is expected to be the starting point for developing a chemical industrial area in Banten, as well as encouraging an increase in Gross Regional Domestic Product (GDP) through downstreaming and further investment activities.
The presence of regional banks in this financing syndicate is also said to show the strategic role of national banking in supporting the development of the real sector. In addition to expanding productive credit portfolios, regional bank participation is also an indicator of increasing the capacity of local financial institutions in cross-sector and regional financing.
SEE ALSO:
The signing of this agreement itself was held on Tuesday, August 26, 2025 at T-Tower Bank BJB and attended by banking directors who participated in the syndicate, HPI management, and shareholders.
Also present were Bank BJB representative Angga Estrio Pratama as the Head of the Corporate Division and representative of Bank Victoria Mira Christiana as the SEVP of Commercial.
Together with Bank Victoria as Joint Mandated Lead Arranger & Bookrunner, Bank BJB leads a coordination financing structure between creditors, and ensures smooth distribution of credit facilities for the construction of a hydrogen peroxide factory in Serang Regency, Banten.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
