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Thursday, 08 August 2024 10:49

Indonesia will become the 2nd largest battery anode producer in the world

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The inauguration of the lithium battery anode material factory by PT Indonesia BTR New Energy Material Kendal Industrial Zone (KIP) in the Kendal Special Economic Zone (KEK), (Photo : Kemenkomarves) - 

 

 

VOInews, Jakarta : In order to achieve Net Zero Emissions (NZE) by 2060, the Indonesian Government is committed to building an electric vehicle ecosystem starting from raw materials, electric vehicle (EV) batteries, to electric vehicles.

The Indonesian government through the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) on Wednesday (07/08/2024) inaugurated the lithium battery anode material factory by PT Indonesia BTR New Energy Material Kendal Industrial Zone (KIP) in the Kendal Special Economic Zone (KEK).

Currently, Indonesia has enormous potential to build an electric vehicle ecosystem. To realize production activities, use of domestic components, absorb labor and transfer technology, the Government is trying to attract as much investment in related sectors as possible to Indonesia.

The President of Indonesia, Joko Widodo, was also present to inaugurate this lithium battery anode factory. President Jokowi really appreciates the construction of the factory which can encourage a strong and integrated electric vehicle ecosystem.

"I am very happy that at PT Indonesia BTR we can produce 80,000 tonnes of anode material, which if converted into cars will produce one and a half million electric cars, which is very large, especially if we add 80,000 tonnes of production in this industry. That means there will be three million cars. electricity annually," explained President Jokowi.

In a report by the Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Luhut Binsar Pandjaitan, this factory has a capacity of 80 thousand tons, which is enough to make battery anodes for 1.5 million electric cars.

At the beginning of the fourth quarter of this year, construction of the second phase will begin and is predicted to be completed in March 2025, bringing the total capacity to 160 thousand tons.

"With this capacity, Indonesia will become the second largest battery anode producer in the world, and this factory will be the largest in the world," said Coordinating Minister Luhut.

BTR New Material Group has now been the largest producer of lithium battery anode material in the world for 10 consecutive years, with a market share of 26% in 2022.

Due to the cooperation of the Indonesian government with qualified battery manufacturers, as well as consistency in always encouraging development downstream, credibility becomes important.

"Because credibility is the basis of trust for investors. We can no longer compete with neighboring countries just by relying on incentives. But credibility and trust are key factors. This is what we must maintain," said Coordinating Minister Luhut.

This post-processing factory is located in the Kendal Industrial Area in Central Java Province, with a land area of ​​12 hectares, and will produce finished lithium battery anode material products.

The first export in August, a sample of 30.8 tons or 1 container of finished product, was exported to meet Samsung's demand. Furthermore, LG Panasonic, Tesla and other important international customers have placed orders for finished products//VOI

 

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