Key insights and market outlook
Indonesia targets achieving self-sufficiency in solar fuel production by 2026, contingent upon the completion of the Balikpapan Refinery Development Master Plan (RDMP). Minister of Energy and Mineral Resources, Bahlil Lahadalia, stated that once the RDMP is fully operational, the country is projected to have a surplus of 3-4 million kiloliters of solar fuel, thus eliminating the need for imports.
The Indonesian government is targeting to become self-sufficient in solar fuel production by 2026, according to Minister of Energy and Mineral Resources, Bahlil Lahadalia. This ambitious goal hinges on the successful completion and full operation of the Balikpapan Refinery Development Master Plan (RDMP).
Once the RDMP Balikpapan is fully operational, Indonesia is expected to produce a surplus of 3-4 million kiloliters of solar fuel. This surplus will not only meet domestic demand but potentially position Indonesia as a significant player in the regional energy market. The achievement of this target will mark a significant milestone in the country's energy security strategy.
Achieving self-sufficiency in solar fuel production will have multiple strategic benefits for Indonesia, including reduced dependence on foreign energy supplies, potential savings in foreign exchange, and enhanced energy security. The successful implementation of this plan demonstrates the government's commitment to strengthening the country's energy resilience and reducing vulnerability to global market fluctuations.
RDMP Completion Target
Solar Fuel Surplus Projection