Danantara to Break Ground on Strategic Hilirisasi Projects

Government's Downstreaming Initiative

Danantara CEO Rosan Roeslani revealed that several strategic hilirisasi projects are on the verge of groundbreaking. These projects are part of the government's broader initiative to promote downstreaming in various industries. The government had previously set a target to conduct groundbreaking ceremonies for 18 major hilirisasi projects by March 2025.

Key Projects Slated for Groundbreaking

Rosan mentioned specific projects that are ready to commence, including:

• A bauksit smelter project
• An aluminium refinery in Mempawah
• An environmentally friendly avtur (aviation turbine fuel) refinery in Cilacap
• Downstream processing of coconut commodities

These projects signify a major step forward in Indonesia's industrial development strategy, focusing on adding value to raw materials through downstream processing.

Significance of Hilirisasi Projects

The hilirisasi projects are crucial for Indonesia's economic development as they aim to increase the value of natural resources through processing and manufacturing. By developing these industries, Indonesia can create more jobs, increase export value, and reduce its reliance on raw material exports.