Indonesia and Jordan Strengthen Phosphate Production Cooperation

Expanding Bilateral Economic Ties

Indonesia and Jordan are deepening their economic cooperation through an expansion of their phosphate production partnership. The collaboration, which is crucial for fertilizer production, is set to enhance Indonesia's capacity in the agricultural sector. Danantara, Indonesia's state-owned investment management company, revealed that the two countries are exploring further investments in phosphate and potash in Jordan.

Joint Venture and Future Plans

The existing joint venture between PT Petrokimia Gresik and Jordan Phosphate Mines Company (JPMC) has established a phosphate factory in Indonesia named PT Petro Jordan Abadi (PJA). Danantara CEO Rosan Perkasa Roeslani stated that 50% of the phosphate development collaboration is already present in Indonesia, with plans to further develop it. The companies are also considering investments in phosphate and potash in Jordan, signaling a significant step in bilateral economic cooperation.

Significance for Indonesia's Fertilizer Production

Phosphate is a critical component in the production of fertilizers, making this cooperation vital for Indonesia's agricultural sector. By strengthening ties with Jordan, a major phosphate producer, Indonesia aims to secure its fertilizer supply chain and potentially become a more significant player in the regional agricultural industry. The expansion of this cooperation is expected to have positive implications for Indonesia's food security and agricultural productivity.