By: Ivan Fauzi )*
The Daya Anagata Nusantara Investment Management Agency (Danantara) continues to demonstrate its strategic role as an accelerator of national development projects. In a short time, the agency has successfully established multi-sector partnerships that reflect the government’s collaborative approach to promoting sustainable economic growth. International confidence in Indonesia’s development direction is evident through the collaboration between Danantara and various global institutions.
The agreement between Danantara and the Japan Bank for International Cooperation (JBIC) marks a significant milestone in expanding access to green and digital financing in Indonesia. This collaboration not only demonstrates Indonesia’s high attractiveness to foreign investors but also reflects the government’s concrete efforts to encourage a more environmentally friendly and technology-driven economic transition. The development focus includes vital sectors such as renewable energy, water and waste management, decarbonization, and digital infrastructure such as green data centers.
JBIC expressed its readiness to provide various financial instruments, including loans and guarantees, to support these projects. This cross-sector collaboration clearly reflects the government’s strategic approach to building a competitive and sustainable investment ecosystem.
Danantara Indonesia Chief Executive Officer Rosan Roeslani called this collaboration a testament to the global confidence in Indonesia’s development priorities. He stated that Danantara Indonesia is committed to directing strategic investments toward high-impact projects that align with global standards. This partnership also affirms Indonesia’s role in the global economic architecture, which increasingly emphasizes green and digital principles.
Danantara also formed alliances with several other international partners. Together with the Qatar Investment Authority (QIA), the institution manages a US$4 billion investment fund for domestic development. In collaboration with the Russian Direct Investment Fund (RDIF), Danantara initiated a €2 billion joint investment platform, which is projected to strengthen bilateral economic connectivity.
Danantara’s partnership with Saudi Arabian energy company ACWA Power is also a strategic step to expand its investment portfolio in the clean energy sector. The agreed funding value for this collaboration reaches US$10 billion. The collaborative projects will not only promote energy efficiency but also create new jobs and expand technology transfer.
Danantara’s Chief Investment Officer, Pandu Sjahrir, believes that every partnership established thus far is part of a broader strategy to strengthen national industrial resilience. One key project being overseen is the construction of a Chlor Alkali–Ethylene Dichloride (CA-EDC) plant through a collaboration between Danantara, the Indonesia Investment Authority (INA), and PT Chandra Asri Pacific Tbk (TPIA). The allocated investment value reaches US$800 million, or approximately Rp13 trillion, with significant potential to support National Strategic Projects (PSN).
Pandu explained that the chemical sector is a crucial foundation in the industrial value chain, particularly in supporting the energy transition and refining strategic minerals. This project is expected to reduce Indonesia’s dependence on imports of key raw materials such as caustic soda and ethylene dichloride, thereby increasing the independence of the domestic industry.
INA CEO Ridha Wirakusumah added that the collaboration with Danantara and Chandra Asri is a concrete manifestation of INA’s long-term mandate to drive productive investment that supports strategic national needs. He believes the combined strength of state financial institutions and industrial companies can be a crucial pivot in strengthening national competitiveness. This collaboration is expected to form the foundation of a resilient, scalable industry, ready to address increasingly complex global challenges.
All parties agree that the construction of the CA-EDC plant is not only economically important but also has significant social and environmental impacts. The project is projected to create local jobs, increase domestic added value, and encourage the downstreaming of strategic chemical products.
The project is being implemented by PT Chandra Asri Alkali, a subsidiary of the Chandra Asri Group. The initial phase includes the construction of a production facility with a capacity of 400,000 tons of caustic soda and 500,000 tons of ethylene dichloride per year. In subsequent phases, the project will focus on developing high-value chlorine derivative products.
A feasibility study is currently underway to evaluate the potential for downstream chlorine production, which would not only strengthen the national industrial supply chain but also open up export opportunities. With a robust funding structure, government policy support, and the involvement of global investors, this project is seen as a concrete example of how strategic investment can promote industrial independence and national economic sustainability.
Through this multi-sector collaboration, the government hopes Danantara can become a crucial pivot in Indonesia’s economic transformation toward a greener, more resilient, and more competitive future. With consistent policy direction, a strengthened investment ecosystem, and a commitment to good governance, Indonesia is believed to be capable of capitalizing on this momentum to create a sustainable leap forward.
)* Economic Observer
