Jakarta, CNBC Indonesia – It’s official holding Indonesia’s electric battery manufacturing company, namely Indonesia Battery Corporation (IBC). This joint venture company of four state-owned companies was founded as holding to manage the integrated electric vehicle battery industry ecosystem from upstream to downstream.
A total of four state-owned companies in the mining and energy sector formed the IBC, namely Mining Industry Holding MIND ID (PT Indonesia Asahan Aluminum / Inalum), PT Anyam Tbk (ANTM), PT Pertamina (Persero) and PT PLN (Persero), with a share composition of each -25% each.
Last Friday (26/3), BUMN Minister Erick Thohir held a press conference with the establishment of the IBC. Present at that time, Deputy Minister of BUMN 1 Pahala N. Mansury, Chairman of the National EV Battery Project Acceleration Team Agus Tjahajana Wirakusumah, MIND ID Group CEO Orias Petrus Moedak, Pertamina’s Director of Strategy, Portfolio and Business Development Iman Rachman, President Director of PLN Zulkifli Zaini, Managing Director of Antam Dana Amin, and Director of Pertamina Power Indonesia Dannif Danu Saputro.
“We want to create economic added value in the mining and energy industries, especially nickel, which is the main ingredient for EV batteries, develop the electric vehicle industry ecosystem, and contribute to sustainable development goals. In addition, large-scale investments like this will open up many jobs,” he said. especially for our young generation, “said Erick Thohir in the press conference.
The signing of the shareholder agreement was held on March 16, 2021 by the four BUMNs.
In line with the IBC, which will manage the electric motor vehicle battery industry ecosystem, IBC will also collaborate with third parties who control technology and the global market to form joint ventures along the EV battery industry value chain, from nickel processing, precursor and cathode materials, to battery cell, pack, energy storage system (ESS), and recycling.
To date, several global companies engaged in the EV battery industry have been exploring, such as from China, Japan, South Korea, the United States, and Europe.
Deputy Minister I of BUMN, Pahala Mansury said that IBC will not only have one factory. However, it will be an integrated electric battery industry.
“So it’s not just building one factory, but Indonesia has the mining, the smelting, then the production of precursors, battery packs, we even said that we also want energy storage stabilizers and recycling them. The investment required can be up to US $ 17 billion. , “said Pahala, quoted on Saturday (27/3/2021).
IBC plans to have a capacity of up to 140 giga watt hour (GWh) and 50 GWh of which will be exported. Then the rest is used for the production of Electric Vehicle or EV in Indonesia.
According to Pahala, the potential for EV in Indonesia consists of 10 units of two wheels and more than 2 million units of four wheels for 2030.
Besides Nike ore, a mixture of saprolite and limonite low grade laterite nickel ore can be produced in Indonesia. Later it could be a cell battery with a capacity of 140 GWh.
“Phase 1, how to produce between 10-30 GWh for the first stage of battery production, but the development later on with the number of partners we have and the more that can be produced domestically from each of these parts we hope to be a part,” he explained.
Then what about the financial performance of these four state-owned companies. With the existing financial capacity, can we develop the battery industry holding in the future?
NEXT: Asset Association of 4 BUMN
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