Adaro Builds USD 728 Million Aluminum Smelter in Kaltara Industrial Estate

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Lesen in einer Minute - Wed Nov 13 01:00:00 GMT 2024

PT adaro energy Tbk., through PT Adaro Aluminium Indonesia, has signed a Letter of Intention to Invest amounting to USD 728 million to construct an aluminum smelter. This smelter, or aluminum processing and refining plant, will be built in the Indonesia Green Industrial Estate in Tanah Kuning, Bulungan Regency, North Kalimantan (Kaltara).The signing took place on Tuesday, December 21, 2021, at the site in North Kalimantan, witnessed by President Joko Widodo. Adaro Vice President Director Ario Rachmat stated that the purpose of building this plant is to support the government’s industrial downstreaming program."Through this investment, we hope to help reduce aluminum imports," he said in an official statement on Thursday, December 23, 2021.In addition, Adaro aims for this plant to enhance the processing and added value of alumina and increase national tax revenue. "We also hope that the presence of the aluminum industry in North Kalimantan will attract further investments and create job opportunities for the community," he added.Previously, Jokowi inaugurated the area on the same day. Jokowi stated that Indonesia is moving towards the downstreaming and industrialization of raw materials, so that eventually, all exported materials will be finished goods, which will add significant value to the economy.According to him, many products from the green industry will emerge from this industrial zone. "We will start the transformation of Indonesia's economy," said Jokowi, as broadcast on the Presidential Secretariat’s YouTube channel.Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan mentioned that the land belongs to Garibaldi Thohir, also known as Boy Thohir, the older brother of Indonesia’s Minister of State-Owned Enterprises (BUMN), Erick Thohir. Boy is also the President Director of adaro energy.In the stages of production and further development, Adaro’s aluminum smelter will utilize new and renewable energy from a Hydro Power Plant (PLTA) with environmentally friendly, modern construction standards. There will also be the use of Solar Power Plants (PLTS).Adaro will not be building this smelter alone but will partner with international companies with a proven track record, experience, and state-of-the-art technology in the aluminum industry.Adaro, said Ario, is optimistic that global demand for aluminum products will continue to rise, especially for cables, batteries, and chassis. He hopes that in the future, other industries, such as the solar panel and electric vehicle industries, which require aluminum, can also be developed within this industrial zone.
Image source: IstimewaSource Link: https://www.tempo.co/ekonomi/adaro-bangun-smelter-aluminium-senilai-usd-728-juta-di-kawasan-industri-kaltara-442100



Source https://indonesiaminer.com

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