February 6, 2026 | 08:42 pm
TEMPO.CO, Jakarta - Indonesia's sovereign wealth fund Danantara has inaugurated the groundbreaking of six major downstream projects across Indonesia. Danantara CEO Rosan Perkasa Roeslani said the total investment in these projects reaches US$7 billion (around Rp117 trillion at Rp16,800 per dollar).
“These projects are expected to generate approximately 3,000 direct and indirect jobs,” he said during a press briefing at Wisma Danantara, Jakarta, on Friday, February 6, 2026.
The groundbreaking was conducted simultaneously at project sites in Java, Sumatra, and Sulawesi, covering sectors ranging from mining and livestock to bio-refineries, supporting Indonesia’s Free Nutritious Meal program.
The projects include the downstreaming of aluminum in Mempawah, where bauxite is processed and refined into alumina and aluminum; a bioethanol plant in Glenmore, Banyuwangi; and a bio-refinery in Cilacap Regency, Central Java.
Integrated poultry facilities will operate across Malang, North Gorontalo, South Lampung, South Sulawesi, East Kalimantan, and West Nusa Tenggara.
Meanwhile, processed salt and Mechanical Vapor Recompression (MVR) plants will be developed in Gresik, Manyar, and Sampang.
“This is only the first phase. We aim to complete a total of 18 downstream projects as soon as possible,” Rosan said. He inaugurated the projects online from Wisma Danantara, Jakarta, while several state-owned enterprise (BUMN) executives presented potential business and operational aspects of the initiatives.
The downstream investment projects are part of Danantara’s priority programs, launched at the request of President Prabowo Subianto. A second phase of downstreaming is planned to follow once the initial projects are operational.
“All of this is led by Danantara, and we hope the projects will progress according to our vision,” Rosan added.
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