Danantara Danai 6 Hilirisasi Project Worth Rp118 Trillion

Illustration. (Photo: Dok. Antara)

JAKARTA - Danantara Indonesia ensures that the six strategic downstream projects launched today are directly financed by Danantara with an investment value of up to US$7 billion or equivalent to Rp118.2 trillion (assuming a rate of Rp16,887 per US dollar).

Danantara's Chief Executive Officer (CEO), Rosan Roeslani, said this full financing is part of the company's commitment to supporting the acceleration of the national downstream program which is a government priority.

"Everything at this time is funded directly by Danantara," said Rosan when met at Danantara House, Jakarta, Friday, February 6.

Even though it uses internal funding, Rosan emphasized that Danantara still opens the opportunity for private investors to participate in the development of these projects.

"If from the business world or the private sector wants to participate, we are very open," he said.

The six downstream projects include energy, mining, agriculture, and livestock sectors spread across various regions of Indonesia.

The project includes bauxite, alumina, and aluminum processing facilities in Mempawah, West Kalimantan, as well as the construction of Smelter Grade Alumina Refinery (SGAR) 2 in the same area.

In addition, Danantara also built the Glenmore phase 1 bioethanol plant in Banyuwangi, East Java, as well as a biorefinery plant for the production of bioavtur in Cilacap, Central Java.

In the food sector, integrated poultry farming projects have been developed in a number of areas, including Malang, North Gorontalo, South Lampung, South Sulawesi, East Kalimantan, and West Nusa Tenggara.

Meanwhile, the salt plant project will be built in Sampang-Madura, Manyar-Gresik, and Segoromadu 2-Gresik.