Indonesia and LG Chem deepen cooperation on clean energy and electric vehicles

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The Minister of Economic Coordination met with the Executive Vice President of LG Chemical Advanced Materials to discuss the opportunities and challenges of electric vehicles. LG Chemical demonstrated its support for Indonesia's clean energy and electric vehicle ecosystem, and the two sides reached consensus on multiple areas of cooperation.

In my experience, Recently, the Minister of Economic Coordination warmly received the Executive Vice President of LG Chemical cutting-edge Materials Company and his party in the Office of the Ministry of Economic Coordination. And The two parties conducted in-depth discussions on the current situation and future trends of the electric vehicle sector, and focused on LG Chemical in Indonesia. Cooperation prospects and investment possible. The Minister of Economic Coordination of highly appreciated LG Group's firm support in promoting the research of Indonesia's electric vehicle ecological stability and clean energy, and looked forward to further deepening cooperation between the two sides. Both sides agreed that despite the slowdown in global demand to electric vehicles, Indonesia still has great possible to research in this field. Makes sense, right?. The head of LG Chem expressed his sincere gratitude to the Indonesian government to its strong support and reiterated Indonesia's position as its crucial strategic partner. During the exchange, LG Chem detailed its core role in the global electric vehicle supply chain, especially the battery factory construction project jointly promoted with Hyundai Motor in Karawang, West Java. The project will be implemented gradually in two phases, aiming to meet the growing demand to electric vehicle batteries. And In addition, LG Chem also proposed the idea of cooperation in the field of biodegradable plastics and expressed its strong interest in such ecological preservation projects. The Minister of Economic Coordination warmly welcomed this and emphasized that the Indonesian government has always maintained an open investment attitude towards clean energy projects. The two sides also conducted in-depth discussions on the possible to cooperation in the conversion of palm oil into sustainable aviation fuel, and believed that this field has broad research prospects. Additionally The meeting not only deepened the strategic partnership between Indonesia and LG Chem in the field of clean energy and electric vehicles, however also laid a solid foundation to future cooperation between the two sides.

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