Sunday , December 5 2021

Luhut brings some good news, a battery factory signage project this week!


Jakarta, CNBC Indonesia – The South Korean battery giant, LG Chem Ltd, is likely to sign a joint investment agreement to convert downstream nickel to Indonesian electric car battery.

This was stated by Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investment, via the Youtube channel at a seminar at Gadjah Mada University on Tuesday (11/17/2020)

“This week, if there is no change, the Korean LG will sign it immediately,” Luhut said.

LG Chem Ltd is one of the world’s leading battery companies. In addition to LG, Amperex Technology Co. There is also contemporary. Ltd. (CATL).

“And now we approach the other, I still think forward,“He explained.

Earlier, some BUMNs also set up the company PT Indonesia Battery to build this integrated battery factory. This farm is managed by the mining operator MIND ID or Inalum through PT Aneka Tambang Tbk, together with PT Pertamina (Persero) and PT PLN (Persero).

Petral Moeda, CEO of Inalum Orias, said the Indonesian Battery Holding Company will work with two potential partners in China and South Korea.

Without thinking, he said the value of the investment is about $ 12 billion or about Rp 177.6 trillion (assuming an exchange rate of $ 14,800 per dollar).

“The cooperation with Chinese and Korean partners, from top to bottom, is about $ 12 billion. A concrete cooperation plan has been prepared, a plan to use nickel to produce the battery,” he explained.

[Gambas:Video CNBC]

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