Key insights and market outlook
The Indonesian government's plan to stop importing solar fuel by 2026 hinges on the successful completion of the Refinery Development Master Plan (RDMP) Balikpapan, a $7.4 billion project. Once operational, the refinery is expected to produce a surplus of 3-4 million kiloliters of solar fuel, making imports unnecessary. Menteri ESDM Bahlil Lahadalia emphasized that achieving this goal depends on the readiness of infrastructure and the operational schedule of the refinery, which is managed by PT Pertamina (Persero).
The Indonesian government has set an ambitious target to stop importing solar fuel by 2026, and the key to achieving this goal lies in the successful completion of the Refinery Development Master Plan (RDMP) Balikpapan. This mega-project, valued at $7.4 billion, is one of the country's Strategic National Projects (PSN) and is expected to play a crucial role in reducing Indonesia's dependence on foreign fuel imports.
The RDMP Balikpapan project aims to increase the country's solar fuel production capacity significantly. According to Menteri ESDM Bahlil Lahadalia, once the refinery is fully operational, Indonesia is projected to experience a surplus of 3-4 million kiloliters of solar fuel. This surplus production would not only meet domestic demand but also make imports unnecessary, aligning with the government's goal of achieving energy self-sufficiency.
However, Bahlil Lahadalia also emphasized that realizing this target is contingent upon the readiness of the necessary infrastructure and adherence to the operational schedule of the refinery, which is under the management of PT Pertamina (Persero). The Ministry of Energy and Mineral Resources (ESDM) is working closely with Pertamina to ensure that all technical aspects are in place and that the project timeline is met.
The RDMP Balikpapan project is a critical component of Indonesia's strategy to reduce its reliance on imported fuel and achieve energy independence. With its completion, the country is poised to make significant strides in this direction, contributing to a more sustainable and secure energy future.
Penghentian Impor Bahan Bakar Solar
Proyek Kilang RDMP Balikpapan