Danantara to Initiate Six Multi-Billion Dollar Downstream Projects by February 2026
BIOFUELS
Danantara, launched on February 24, 2025, plans to initiate six multi-billion dollar downstream projects by February 2026, with a total investment of approximately $6 billion. Under President Prabowo Subianto's leadership, the agency aims to attract foreign investments and streamline over 1,000 state-owned enterprises to enhance economic growth, focusing on high-quality initiatives in clean energy and industrialization. Key projects include aluminum smelters in West Kalimantan, biofuel production in Central Java, and integrated coconut processing in Central Sulawesi.

Jan 16, 2026, 6:08 AM