Indonesia Announces $618 billion Industrial Upgrading Strategy to Create a New Paradigm of Resource-based Economy

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Indonesia launched a $618 billion industrial chain upgrade plan, covering energy reserves, mineral deep processing and agricultural value-added areas, building an economic security moat and industrial value-added enhancement system.

Indonesia Announces $618 billion Industrial Upgrading Strategy to Create a New Paradigm of Resource-based Economy

The Indonesian government recently disclosed a national industrial transformation roadmap with a total scale of US $618 billion million, aiming to restructure the resource-based economic model through 21 strategic downstream projects. This systematic project, personally supervised by President Prabowo, plans to complete the first phase of deployment by 2025, forming a three-dimensional development framework covering energy security, mineral value-added and agricultural upgrading.

, in the field of energy security, Indonesia will build a "trinity" guarantee system: first, it will establish a crude oil storage network to meet the 30-day strategic reserve, and the strategic oil storage base on Nipah Island has entered the site selection stage; Secondly, we will promote the construction of an intelligent oil refinery with a daily processing capacity of 500000 barrels and simultaneously support the dimethyl ether project from low calorific value coal, which is expected to replace 30% of imported liquefied gas. Finally, through the digital network system.

The

mineral value-added chain presents a "step-by-step" development feature: copper concentrate will be extended to electrolytic copper and copper foil production, nickel ore processing depth from crude nickel hydroxide to battery-grade nickel sulfate, bauxite through alumina refining technology to achieve value doubling. The specially established metallurgical industrial park will integrate pyrometallurgical and hydrometallurgical processes to form a regional mineral deep processing hub.

The

agricultural resource conversion project shows the "full value chain" thinking: the palm oil industry will break through the primary export model and develop the derivative path of biodiesel and specialty chemicals; the fishery sector will introduce cold chain processing and marine drug extraction technology; forestry resources will be used for energy through the cellulosic ethanol project. These cross-cutting innovations will create more than 500000 technology jobs.

"This is a strategic turning point for Indonesia to get rid of the resource curse. "the energy minister stressed at the special task force meeting. Through the government-led US $618 billion capital injection plan, Indonesia will not only establish a strategic reserve system for key resources, but also form a closed-loop of the entire industrial chain from raw material mining to high value-added manufacturing, injecting sustainable growth momentum into the regional economy.

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