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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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trillion investment opportunity for Indonesia, according to a new report published at the BNEF Summit Bali by research company BloombergNEF (BNEF) entitled Net-Zero Transition: Opportunities for Indonesia. On the other hand, Indonesia also needs to consider measures to accelerate the growth of renewables within this decade.

Indonesia 195
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Nornickel presents market review of nickel and platinum group metals

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Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).

Market 304
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Foxconn to develop battery manufacturing and EV ecosystem in Indonesia

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Hon Hai Technology Group (Foxconn), a global leader in smart manufacturing, signed a Memorandum of Understanding (MoU) with the Indonesian Ministry of Investment/BKPM, IBC, Indika, and Gogoro to develop jointly a battery manufacturing and electric vehicle ecosystem in Indonesia. —Bahlil Lahadalia, Minister of Investment.

Indonesia 186
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Hyundai Motor Group and LG Energy Solution begin construction of EV battery cell plant in Indonesia; 10 GWh to start

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Hyundai Motor Group and LG Energy Solution have begun construction of an electric vehicle (EV) battery cell plant in Indonesia to secure leadership in the global battery electric vehicle (BEV) market. Furthermore, we expect Indonesia to play a key role in the ASEAN EV market. The plant is a part of these efforts.

Indonesia 170
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Mitsubishi Heavy and Indonesia’s ITB to conduct joint R&D on ammonia-fired power generation by turbine

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Mitsubishi Heavy Industries, Ltd. MHI) and Indonesia’s Institut Teknologi Bandung (ITB) have agreed to conduct joint research and development of ammonia-fired power generation by gas turbine. MHI and ITB have already been undertaking joint research on a variety of clean energy solutions to help Indonesia achieve decarbonization.

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Gojek, TBS Energi Utama form JV to accelerate the development of Indonesia’s two-wheel electric vehicle ecosystem

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Gojek, Southeast Asia’s leading mobile on-demand services platform, and PT TBS Energi Utama Tbk (TBS), a leading integrated energy company in Indonesia, have formed a joint venture to accelerate the adoption of electric vehicles (EVs) in Indonesia.

Indonesia 170
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IEA: time to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future

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In a major new report on hydrogen, the International Energy Agency says that the time is right to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future. It can also be transformed into electricity and methane to power homes and feed industry, and into fuels for cars, trucks, ships and planes.

Clean 255