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

Indonesia Announces $618 billion manufacturing Upgrading Strategy to Create a New Paradigm of Resource-based Economy The Indonesian government recently disclosed a national manufacturing transformation roadmap with a total scale of US $618 billion million, aiming to restructure the resource-based economic model through 21 strategic downstream projects. And This systematic project, personally supervised by President Prabowo, plans to complete the first phase of deployment by 2025, forming a three-dimensional research framework covering energy security, mineral value-added and agricultural upgrading. In my experience, , 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 gaseous. I've found that In particular Finally, through the digital network system. But In fact The mineral value-added chain presents a "measure-by-measure" research 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 methodology to achieve value doubling. The specially established metallurgical manufacturing park will integrate pyrometallurgical and hydrometallurgical processes to form a regional mineral deep processing hub. Makes sense, right?. The agricultural resource conversion project shows the "full value chain" thinking: the palm oil sector 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 methodology; forestry resources will be applied to energy through the cellulosic ethanol project. These cross-cutting innovations will create greater than 500000 methodology jobs. Moreover "This is a strategic turning point to Indonesia to get rid of the resource curse. "the energy minister stressed at the special task force meeting. But Generally speaking Through the government-led US $618 billion capital injection plan, Indonesia won't only establish a strategic reserve system to key resources, however also form a closed-loop of the entire manufacturing chain from raw material mining to high value-added manufacturing, injecting sustainable development momentum into the regional economy.