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Bontang, (ANTARA News) – PT INALUM (Persero) The mining sector (HIP) is encouraging downstream mining products by collaborating with various parties to carry out large projects worth more than USD 10 billion or more. about Rp 150 billion.
"Encouraging downstream mining products is one of the three mandates of the Mining Holding." These major projects are our concrete steps in creating value-added products in the mining sector and in our efforts to support the currency savings " said G Sadikin, chairman of Inalum Budi, at a press conference on the sidelines of the BUMN 2018 coordination meeting in Bontang, East Kalimantan on Sunday.
Cooperation with state enterprises and the private sector has also been signed and is ready for operation.
A number of intermediate and downstream projects concern the aluminum, bauxite and coal sectors.
Inalum is currently developing its wings in the Bulungan Regency, in North Kalimantan, in order to set up a first-capacity aluminum plant with a capacity of 500 kilotons a year, as well as a hydroelectric power station using the Kayan River.
"With a project value of $ 6 billion, expansion in the province is expected to begin next year," Budi said.
He added that Inalum and PT Antam (Persero) Tbk, a member of HIP, and the world's second largest producer of alumina, Aluminum Corporation of China Ltd. (CHALCO), will build a refinery plant to convert bauxite into alumina, the main raw material used for the manufacture of aluminum ingots.
Inalum is the only producer of aluminum ingots in Indonesia.
Budi explained that the construction of the project, located in Mempawah District, West Kalimantan, had been carried out in two stages and had a total production capacity of two million tons of alumina.
At the same time, investment in the construction of the first phase of the plant is estimated at about $ 850 million and is scheduled for production in 2021.
PT Bukit Asam Tbk, other members of HIP, will work with PT Pertamina (Persero), PT Pupuk Indonesia (Persero) and PT Chandra Asri Petrochemical Tbk to convert young coal into synthetic gas, a raw material needed for its transformation into dimethyl ether (DME). ) as fuel, urea as fertilizer and polypropylene as plastic raw material.
The coal gasification processing plant is expected to start up in November 2022 and its production is expected to meet a market demand of 500,000 tonnes per year, 400,000 tonnes of EMD per year and 450,000 tonnes of polypropylene. per year.
Thus, it is estimated that the need for coal as raw material will be nine million tons per year, particularly to meet the coal needs of its plants. The overall value of the project is estimated at more than three billion US dollars.
HIP has also become one of the pillars of the country in terms of foreign exchange earnings through exports and reduced reliance on imported raw materials.
HIP estimates that export sales until 2018 amount to $ 2.51 billion, or about 37 trillion rupees. For August 2018, US $ 1.57 billion was made, or 62.5% of the projection.
Read also: The Minister of the SOE's request to hold a mine
Pewarta: Juwita Trisna Rahayu
Publisher: Royke Sinaga
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