Indonesia Strengthens The Prosecutor's Office To Be The Same As South Korea In The Clean Energy And EV Sector

Photo: Doc. Antara

JAKARTA - Indonesia is strengthening cooperation with South Korea (South Korea) in the clean energy sector and electric vehicles (EV) to support the target of reducing greenhouse gas (GHG) emissions by 31.89 percent by 2030.

In order to accelerate this effort, Coordinating Minister for Economic Affairs Airlangga Hartarto received an EVP & President of Advanced Materials Company LG Chem Dong Choon Kim visit along with a delegation in Jakarta.

"We really need LG Group support for the development of the electric vehicle ecosystem and broadly for the development of clean energy in Indonesia and hopefully it can continue to be improved," said Airlangga in his statement, in Jakarta, quoted by Antara, Saturday, March 22.

During the meeting, the two parties discussed various opportunities for strategic cooperation, especially in the development of the electric vehicle ecosystem and investment in the green energy sector.

Despite facing challenges in the form of a decline in global demand for electric vehicles, Coordinating Minister Airlangga and Vice President Kim agreed that there is still great potential in developing this sector in Indonesia.

LG Chem expressed his appreciation for the Indonesian government's support for the LG Group, which has long operated in the manufacturing sector in the country.

"For us, Indonesia will always be a strategic partner for LG Chem, especially in the green industry sector," said Vice President Kim.

LG Chem also highlighted their role in the supply chain of global electric vehicles, including collaboration through LG Energy Solution and Hyundai which has built an electric vehicle battery cell factory in Karawang, West Java. The construction of this factory is carried out in two stages.

The first phase with a capacity of 10 gigawatt hours (GWh) has been completed in 2024, while the second stage with a capacity of 20 GWh is currently in the process of being developed.

LG Chem also appreciates the Government's support in realizing a grand package plan that encourages the acceleration of investment in this sector.

In addition to the electric vehicle sector, LG Chem also offers the potential for cooperation in the field of biodegradable plastic by utilizing its technology. This offer was welcomed by Airlangga, who emphasized the Government's commitment to opening investment opportunities in various clean energy projects.

One sector that is of concern is the processing of palm oil into Sustainable Aviation Fuel (SAF), with Indonesia having great potential to develop.

In line with that, LG Chem, which recently developed SAF production in South Korea, expressed interest in collaborating in the development of SAF in Indonesia.

Through this meeting, Indonesia and LG Chem further strengthened strategic cooperation in the clean energy sector and the electric vehicle industry.