17 billion USD Chinese companies investment planning in solar panel, aerospace and EV raw material industries in Riau Islands
- Thread starter Indos
- Start date
Indos
PDF THINK TANK: ANALYST
- Joined
- Jul 25, 2013
- Messages
- 23,466
- Reaction score
- 24
- Country
- Location
Aerospace and EV raw material
-----------------------------------
15 May 2023
SINGAPORE/JAKARTA : China's Shandong Nanshan plans to expand its new Indonesian alumina plant to a $6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation.
Shandong Nanshan is among a growing group of private Chinese companies making multi-billion-dollar investments in Southeast Asia in sectors such as metal processing and oil refining amid a cooling Chinese economy and tighter regulatory scrutiny at home.
The company started up its 2 million tonnes per year (tpy) alumina facility last November at the Galang Batang special economic zone (SEZ) on the island of Bintan，located about one hour by ferry from Singapore.
Now running at full capacity, Nanshan processes bauxite mined from Indonesia's Kalimantan region and exports alumina to neighbouring Malaysia and also sells to international traders.
Nanshan, with plans to bring more Chinese firms to the site, intends to start building a 250,000-tpy aluminium smelting unit later this year, part of a plan to construct a 1 million-tpy aluminium plant by 2028, a company executive said last week, asking to remain unidentified, eventually producing high-end aluminium ingots for the aircraft and electric vehicle industries.
Based in China's Shandong province, Nanshan Group says its existing aluminium customers include Airbus, Boeing and Tesla.
To fuel the alumina facility, Nanshan operates a 160-megawatt (MW) coal-based power plant within the SEZ. The site's general manager, Hao Weisong, said on Tuesday that the company plans a 100-MW solar power facility and has also agreed to buy renewable power from state utility Perusahaan Listrik Negara.
The SEZ's operating company, PT Bintan Alumina Indonesia, was last year granted a full waiver of income tax for 20 years, Susiwijono Moegiarso, secretary general of the National Council of Special Economic Zones, said on Friday.
He said investment at the site has thus far totalled 17 trillion rupiah ($1.16 billion).
Indonesian President Joko Widodo, who visited the site last year, is focusing on minerals processing to extract more value from its vast mining sector, and the government may impose an export ban in June on unprocessed minerals, including bauxite.
Moegiarso said that the SEZ has committed to supplying 33.8 per cent of its power from renewable sources by 2032.
($1 = 14,695 Rupiah)
www.channelnewsasia.com
-----------------------------------
Shandong Nanshan may expand Indonesia site into $6 billion aluminium complex
15 May 2023
SINGAPORE/JAKARTA : China's Shandong Nanshan plans to expand its new Indonesian alumina plant to a $6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation.
Shandong Nanshan is among a growing group of private Chinese companies making multi-billion-dollar investments in Southeast Asia in sectors such as metal processing and oil refining amid a cooling Chinese economy and tighter regulatory scrutiny at home.
The company started up its 2 million tonnes per year (tpy) alumina facility last November at the Galang Batang special economic zone (SEZ) on the island of Bintan，located about one hour by ferry from Singapore.
Now running at full capacity, Nanshan processes bauxite mined from Indonesia's Kalimantan region and exports alumina to neighbouring Malaysia and also sells to international traders.
Nanshan, with plans to bring more Chinese firms to the site, intends to start building a 250,000-tpy aluminium smelting unit later this year, part of a plan to construct a 1 million-tpy aluminium plant by 2028, a company executive said last week, asking to remain unidentified, eventually producing high-end aluminium ingots for the aircraft and electric vehicle industries.
Based in China's Shandong province, Nanshan Group says its existing aluminium customers include Airbus, Boeing and Tesla.
To fuel the alumina facility, Nanshan operates a 160-megawatt (MW) coal-based power plant within the SEZ. The site's general manager, Hao Weisong, said on Tuesday that the company plans a 100-MW solar power facility and has also agreed to buy renewable power from state utility Perusahaan Listrik Negara.
The SEZ's operating company, PT Bintan Alumina Indonesia, was last year granted a full waiver of income tax for 20 years, Susiwijono Moegiarso, secretary general of the National Council of Special Economic Zones, said on Friday.
He said investment at the site has thus far totalled 17 trillion rupiah ($1.16 billion).
Indonesian President Joko Widodo, who visited the site last year, is focusing on minerals processing to extract more value from its vast mining sector, and the government may impose an export ban in June on unprocessed minerals, including bauxite.
Moegiarso said that the SEZ has committed to supplying 33.8 per cent of its power from renewable sources by 2032.
($1 = 14,695 Rupiah)
Shandong Nanshan may expand Indonesia site into $6 billion aluminium complex
SINGAPORE/JAKARTA : China's Shandong Nanshan plans to expand its new Indonesian alumina plant to a $6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation.Shandong Nanshan is among a growing group...
Indos
PDF THINK TANK: ANALYST
- Joined
- Jul 25, 2013
- Messages
- 23,466
- Reaction score
- 24
- Country
- Location
Solar panel
----------------------------------
29th July 2023
Indonesian President Joko Widodo during a business meeting with the Indonesian Chamber of Commerce in China (Inacham) and Chinese businessmen in Chengdu, China, on Friday, July 28, 2023. (ANTARA/HO-Presidential Secretariat Press Bureau)
Jakarta (ANTARA) - The Indonesian government secured US$11.5 billion of investment commitment from a Chinese company during President Joko Widodo's (Jokowi's) two-day visit to Chengdu, China, on July 27-28.
Investment Minister Bahlil Lahadalia, who accompanied Jokowi on the trip, stated that the commitment came from one of the world’s largest glass producers, Xinyi, to develop a glass and solar panel manufacturing facility.
Lahadalia stated that Xinyi is committed to building a manufacturing plant in Rempang Island, Batam.
"(It) will be the second-largest factory in the world after China," he noted in an online press conference on Friday (July 28).
He noted that the Xinyi factory will later become a downstream factory of quartz sand and other raw materials in Indonesia.
“The output will be almost 95 percent for export because the market is overseas," he stated.
Lahadalia remarked that the factory in Rempang Island will also build a solar panel facility for the export market, adding that Xinyi’s investment would help create around 35 thousand jobs.
He further said Xinyi had already invested US$700 million in Indonesia last year to build a factory in Gresik, East Java.
Indonesia has a potential resource of 25 billion tons of quartz sand, with total reserves reaching 330 million tons, according to the Ministry of Energy and Mineral Resources data in 2021. Quartz sand is the main raw material for making glass and solar panels.
Meanwhile, China is the largest producer of solar panels worldwide. Based on data from the International Energy Agency (IEA), in 2021, China manufactured 75 percent of modules, 85 percent of cells, 97 percent of wafers, and 79 percent of polysilicon.
According to data, China's share in all manufacturing stages of solar panels exceeds 80 percent.
en.antaranews.com
----------------------------------
RI secures investment commitment worth US$11.5 billion from China
29th July 2023
Indonesian President Joko Widodo during a business meeting with the Indonesian Chamber of Commerce in China (Inacham) and Chinese businessmen in Chengdu, China, on Friday, July 28, 2023. (ANTARA/HO-Presidential Secretariat Press Bureau)
Jakarta (ANTARA) - The Indonesian government secured US$11.5 billion of investment commitment from a Chinese company during President Joko Widodo's (Jokowi's) two-day visit to Chengdu, China, on July 27-28.
Investment Minister Bahlil Lahadalia, who accompanied Jokowi on the trip, stated that the commitment came from one of the world’s largest glass producers, Xinyi, to develop a glass and solar panel manufacturing facility.
Lahadalia stated that Xinyi is committed to building a manufacturing plant in Rempang Island, Batam.
"(It) will be the second-largest factory in the world after China," he noted in an online press conference on Friday (July 28).
He noted that the Xinyi factory will later become a downstream factory of quartz sand and other raw materials in Indonesia.
“The output will be almost 95 percent for export because the market is overseas," he stated.
Lahadalia remarked that the factory in Rempang Island will also build a solar panel facility for the export market, adding that Xinyi’s investment would help create around 35 thousand jobs.
He further said Xinyi had already invested US$700 million in Indonesia last year to build a factory in Gresik, East Java.
Indonesia has a potential resource of 25 billion tons of quartz sand, with total reserves reaching 330 million tons, according to the Ministry of Energy and Mineral Resources data in 2021. Quartz sand is the main raw material for making glass and solar panels.
Meanwhile, China is the largest producer of solar panels worldwide. Based on data from the International Energy Agency (IEA), in 2021, China manufactured 75 percent of modules, 85 percent of cells, 97 percent of wafers, and 79 percent of polysilicon.
According to data, China's share in all manufacturing stages of solar panels exceeds 80 percent.
RI secures investment commitment worth US$11.5 billion from China - ANTARA News
The Indonesian government secured US$11.5 billion of investment commitment from a Chinese company during President Joko Widodo's (Jokowi's) two-day ...
en.antaranews.com
Similar threads
