The administration of Indonesian President Prabowo Subianto is preparing six new downstream projects, with construction scheduled to begin in February 2026. President Prabowo said work on at least six projects would start in the coming weeks.
“At least six downstream projects, possibly up to eleven. The value is approximately US$6 billion, or around IDR 101.05 trillion, and we will receive massive foreign investment. I estimate the investment will be quite substantial,” Prabowo said at the inauguration of the Balikpapan Refinery Development Master Plan (RDMP) in East Kalimantan, as quoted on Tuesday, Jan. 13, 2026.
Prabowo has instructed cabinet ministers to prepare personnel, including management teams, to oversee and manage the upcoming downstream projects.
“In total, we need at least 10, 15 or even 20 years to achieve proper industrialization, but we want to accelerate the process,” he said.
Previously, on Sunday evening, Jan. 11, 2026, President Prabowo convened a meeting with several cabinet ministers at Hambalang, Bogor, where the six downstream projects were discussed.
“Preparation for the groundbreaking of six new downstream projects worth US$6 billion is planned for early February 2026,” the Cabinet Secretariat wrote in a post on its official Instagram account, @sekretariat.kabinet, quoted on Tuesday.
The meeting was attended by Coordinating Minister for Economic Affairs Airlangga Hartarto, Energy and Mineral Resources Minister Bahlil Lahadalia, and Minister of Investment and Downstreaming and Head of the Investment Coordinating Board (BKPM) Rosan Roeslani, who also heads Danantara.
Earlier, Rosan revealed details of six strategic downstream projects scheduled to be developed in stages starting in early 2026. The projects span sectors including mining, renewable energy and agribusiness.
“I recall the bauxite and aluminum projects in Mempawah, then refineries in Cilacap and Banyuwangi. There are five in total,” Rosan said at the Presidential Palace complex on Dec. 8.
Rosan outlined the six projects as follows: the development of an aluminum smelter from alumina in Mempawah, West Kalimantan, valued at US$2.4 billion; a Smelter Grade Alumina (SGA) facility from bauxite in the same region worth US$890 million; a bioavtur production facility in Cilacap, Central Java, valued at US$1.1 billion; an integrated coconut processing facility in Morowali, Central Sulawesi, worth US$100 million and already under construction; a bioethanol facility valued at US$80 million; and five poultry farming facilities across 12 locations.
The government has also launched 18 downstream projects under Danantara, covering mineral, chemical and plantation-based processing industries.
Meanwhile, State Secretary Prasetyo Hadi said at least six downstream projects would be officially inaugurated this month, with construction on 18 projects scheduled to take place in February and March. These include a waste-to-energy power plant (PLTSa) and coal gasification projects producing dimethyl ether (DME) as a substitute for liquefied petroleum gas (LPG).
January 13, 2026, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20260113102500-4-701871/prabowo-siapkan-6-proyek-baru-nilainya-rp1015-triliun)