Danantara Breaks Ground on $7 Billion Downstream Projects

JAKARTA, Investortrust.id — Daya Anagata Nusantara Investment Authority or Danantara launches the groundbreaking of six first phase downstream projects on Friday, Feb 6, 2026 in Jakarta to accelerate value added investment under President Prabowo Subianto’s economic agenda, a move expected to strengthen job creation and domestic industrial capacity.

The projects carried a total investment value of $7 billion, equal to Rp 117.6 trillion, based on an exchange rate of Rp 16,800 per US dollar.

Chief Executive Officer Rosan Perkasa Roeslani said the six projects marked the initial execution stage of Danantara’s downstream strategy.

“With six downstream projects launched today, the total investment reaches $7 billion,” Rosan said during the ceremony at Wisma Danantara.

He said all projects were fully financed by Danantara as part of the government’s directive to generate high economic value and employment absorption.

“These projects cover the mineral and energy sectors as well as agroindustry,” Rosan said.

Rosan added that Danantara would continue accelerating downstream projects with direct economic impact on communities, noting a sharp rise in downstream investment contribution.

In 2025, downstream projects accounted for around 30 percent of Indonesia’s total realized investment, valued at Rp 548.1 trillion.

“The increase compared with the previous year was approximately 43.3 percent,” he said.

The first phase projects include bauxite, alumina, and aluminum processing facilities in Mempawah, West Kalimantan; the SGAR Phase 2 alumina refinery in Mempawah; the Glenmore Phase 1 bioethanol plant in Banyuwangi, East Java; a biorefinery producing sustainable aviation fuel in Cilacap, Central Java; integrated poultry farming projects across multiple provinces; and salt factories in Madura and Gresik.